Question: Classify the following balance sheet items as current or noncurrent: Retained earnings Accounts payable Prepaid expenses Plant and equipment Inventory Common stock Bonds payable Accrued

Classify the following balance sheet items as current or noncurrent:

Retained earnings Accounts payable Prepaid expenses Plant and equipment Inventory Common stock Bonds payable

Retained earnings Accounts payable Prepaid expenses Plant and equipment Inventory Common stock Bonds payable Accrued wages payable Accounts receivable Capital in excess of par Preferred stock Marketable securities

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