Question: Please identify the most accurate classification for these items: Books waiting to be sold sitting in a book retailers warehouse Wages due to employees for
Please identify the most accurate classification for these items:
Books waiting to be sold sitting in a book retailers warehouse
Wages due to employees for worked performed in current period but still unpaid
Land owned by the company
Unearned revenue from the sale of gift cards expiring within the year
A 1 Current Asset; 2. Current Asset; 3. Long Term Asset; 4. Current Liability
B 1 Current Asset; 2. Long Term Liability; 3. Long Term Asset; 4. Long Term Liability
C 1 Current Asset; 2. Current Asset; 3. Long Term Asset; 4. Retained Earnings
D 1 Current Asset; 2. Retained Earnings; 3. Long Term Asset; 4. Retained Earnings
E 1 Current Asset; 2. Current Liability; 3. Long Term Asset; 4. Current Liability
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