-Use the information above to answer the following question.Which line items would be classified as noncurrent on a classified balance sheet?
A) Cash; Supplies; Accounts Payable
B) Equipment; Other Assets; Notes Payable
C) Supplies; Equipment; Notes Payable
D) Accounts Receivable; Equipment; Other Assets

Question

-Use the information above to answer the following question.Which line items would be classified as noncurrent on a classified balance sheet?
A) Cash; Supplies; Accounts Payable 
B) Equipment; Other Assets; Notes Payable 
C) Supplies; Equipment; Notes Payable 
D) Accounts Receivable; Equipment; Other Assets

Quizplus · Accepted Answer

Noncurrent items on a balance sheet include long-term assets and liabilities. Equipment and Other Assets are typically long-term assets, and Notes Payable can be a long-term liability.

-Use the Information Above to Answer the Following Question