help woth a , b & c

P18-3 (static) Question Help (Identifying permanent and temporary asset investments) Classify each of the investments in assets as either permanent or temporary: a. A seasonal increase in a card shop's inventory of Valentine cards. b. The acquisition of a new forklift truck that is expected to have a useful life of 5 years. C. An increase in accounts receivable resulting from an expansion in the firm's customer base. a. A seasonal increase in a card shop's inventory of Valentine cards is classified as a (Select from the drop-down menu.) temporary asset permanent asset