6. Wages payable would be recorded in which balance sheet section. a. current assets b. current liabilities c. noncurrent assets d. noncurrent liabilities 7. Trademarks would classified as. a. noncurrent asset b. current liability c. current asset d. noncurrent liability 8. The purpose of the classified balance sheet is help evaluate: a. solvency b. going concern c. liquidity d. return on investment -2- 9. In calculating the current ratio which item would not be included. a. equipment b. accounts payable c. accounts receivable d. short term investments 10. Bonds payable in two years would be classified as. a. noncurrent assets b. equity c. current liability d. noncurrent liability