Question: Which one is incorrect? Match each item to the correct balance sheet classification. 1 Current Assets 2 Long Term Assets 3 Current Liabilities 4 Long

Which one is incorrect? Match each item to the correct balance sheet Which one is incorrect?

Match each item to the correct balance sheet classification. 1 Current Assets 2 Long Term Assets 3 Current Liabilities 4 Long Term Liabilities 5 Stakeholder Equity 4 Notes Payable (due in 10 years) 1_Prepaid expenses 5Retained earnings 3 Cash 1, Current assets -5.-Common stoc 2. Long-term asset 3Accounts payable 1Inventory 1Accounts receivable 3 Notes payable (due in 6 mos.) 2Intangible assets 2 Property; plant & equipment Current liabilities 4. Long-term liabilities 5. Stockholders' equity Additional paid in capital

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