How many of the following balance sheet items are classified as current? • Retained earnings
• Accounts payable
• Plant and equipment
• Inventory
• Common stock
• Bonds payable
• Accrued wages payable
• Accounts receivable
• Preferred stock
A)Three of these items are classified as current.
B)Four of these items are classified as current.
C)Five of these items are classified as current.
D)Six of these items are classified as current.

Question

Quizplus · Accepted Answer

Four of the items are classified as current: Accounts payable, inventory, accrued wages payable, and accounts receivable.

How Many of the Following Balance Sheet Items Are Classified