Question: Testbank, Question 42 Your answer is incorrect. Try again. On a statement of financial position cash and office supplies are both classified as current assets.

Testbank, Question 42 Your answer is incorrect. Try again. On a statement of financial position cash and office supplies are both classified as current assets. inventories and prepaid expenses are classified as long-term investments. land and buildings are classified as long-term investments. depreciation expense is classified as property, plant and equipment. LINK TO TEXT

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