Question: Select the balance sheet category where the items given would best typically appear. Balance Sheet Category Current assets Items 1. Merchandise inventory 2. Bonds payable

Select the balance sheet category where the items given would best typically appear. Balance Sheet Category Current assets Items 1. Merchandise inventory 2. Bonds payable (due in 5 years) 3. Store equipment 4 Patents 5. Interest payable (due in 2 weeks) 6. Long-term notes payable 7. Franchises 8. Machinery Current liabilities 5 Intangible assets Long-term investments Long-term liabilities 8 Plant assets

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