Question: Indicate the proper classification or presentation of the items listed below. Use the following classifications: Current Assets Noncurrent Assets Current Liabilities Noncurrent Liabilities Equity Notes

Indicate the proper classification or presentation of the items listed below. Use the following classifications:

  1. Current Assets
  2. Noncurrent Assets
  3. Current Liabilities
  4. Noncurrent Liabilities
  5. Equity
  6. Notes to Financial Statements

Items

Classifications

1. Accrued interest on bonds payable

2. Accrued rental income

3. Accrued interest on note receivable

4. Advances to suppliers

5. Advances to affiliated entities

6. The entity is a defendant in a lawsuit for certain amount. The loss is reasonable possible

7. Destruction of entire plant by earthquake after end of reporting period but before issuance of statements

8. Fully depreciated machinery still in use

9. Share capital

10. Retained earnings unappropriated

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