Which of the following subtotals or totals is typically NOT shown on an unclassified balance sheet?

• A. Total Liabilities and Stockholders' Equity
• B. Total Current Assets
• C. Total Noncurrent Liabilities
• D. Total Assets

Answer: (C)

Verified step by step guidance

1. Step 1: Understand the structure of an unclassified balance sheet. An unclassified balance sheet presents assets, liabilities, and equity without categorizing them into current and noncurrent sections.
2. Step 2: Review the typical subtotals and totals shown on an unclassified balance sheet. These include Total Assets, Total Liabilities, and Stockholders' Equity, and Total Liabilities and Stockholders' Equity.
3. Step 3: Recognize that 'Total Current Assets' and 'Total Noncurrent Liabilities' are specific to classified balance sheets, where items are grouped into current and noncurrent categories.
4. Step 4: Identify that 'Total Noncurrent Liabilities' is not typically shown on an unclassified balance sheet because it requires categorization of liabilities into current and noncurrent, which is not done in an unclassified format.
5. Step 5: Conclude that the correct answer is 'Total Noncurrent Liabilities,' as it is not a subtotal or total typically shown on an unclassified balance sheet.