Complete the Following Table Concerning the Classification of Items in the Statement

question 13

Short Answer

Complete the following table concerning the classification of items in the statement of financial position.
ACCOUNT ELEMENTS CLASSIFICATION
(Asset, Liability, Equity)(Current, Non-current)
$\begin{array}{|l|l|l|l|}\hline\text { e.g } & \text { Cash on hand } & \text { Asset } & \text { Current } \\\hline \text { e.g } & \text { Land and buildings } & \text { Asset } & \text { Non-current } \\\hline 1 & \text { Inventory } & & \\\hline 2 & \text { Accounts receivable } & & \\\hline 3 & \text { Bank overdraft } & & \\\hline 4 & \text { Prepaid insurance } & & \\\hline 5 & \text { Share capital } & & \\\hline 6 & \text { Retained profits } & & \\\hline 7 & \text { Accounts payable } & & \\\hline 8 & \text { Goodwill } & & \\\hline 9 & \text { Plant and equipment } & & \\\hline 10 & \text { Franchise } & & \\\hline 11 & \text { Loan from Eagle Finance (5 years) } & &\\\hline\end{array}$

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Definitions:

Minute Flow Rate

The rate at which a fluid flows through a system, measured in units per minute.

Hypernatremia

A medical condition characterized by high concentration of sodium in the blood.

Serum Sodium Concentration

The amount of sodium present in the serum portion of the blood, important for maintaining fluid balance and nerve and muscle function.

Urine Output

The volume of urine expelled from the body over a specified period, which is an important indicator of kidney and overall health.