How Many of the Following Balance Sheet Items Are Classified

question 22

Multiple Choice

How many of the following balance sheet items are classified as a current asset or current liability? •Retained earnings
•Accounts payable
•Plant and equipment
•Inventory
•Common stock
•Bonds payable
•Accrued wages payable
•Accounts receivable
•Preferred stock

• A) Three of these items.
• B) Four of these items.
• C) Five of these items.
• D) Six of these items.

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