# A classified balance sheet: a Reports the effect of profit and dividends on retained earnings. b...

###### Question:

A classified balance sheet:

a Reports the effect of profit and dividends on retained earnings.

b Organizes assets and liabilities into important subgroups.

c Reports operating, investing, and financing activities.

d Presents revenues, expenses, and net income.

e Measures a company's ability to pay its bills on time.

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