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

 Which two are incorrect? Match each item to the correct balance

Which two are 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 5Common stock Prepaid expenses Property: plant & equipment 1 Cash 1, Current assets 2. Long-term assets 3, Current liabilities 4. Long-term liabilities 5. Stockholders' equity Notes Payable (due in 1O years) 5_Retained earnings -3-Accounts receivable -5.-Additional paid in capital 3_ Notes payable (due in 6 mos -3-Accounts payable 1 Inventory 2_Intangible assets

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