Classify each of the following balance sheet items as a current asset, non-current asset, current liability, or non-current liability.
A) Dividends declared but not yet paid to shareholders
B) Wages owing to employees
C) A loan owing to a shareholder that will be repaid in two years
D) Land purchased for expansion by a retailer
E) An amount owing from a customer due in 15 months

Question

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The Answer of Classify each of the following balance sheet items as a current asset, non-current asset, current liability, or non-current liability.
A) Dividends declared but not yet paid to shareholders
B) Wages owing to employees
C) A loan owing to a shareholder that will be repaid in two years
D) Land purchased for expansion by a retailer
E) An amount owing from a customer due in 15 months

Classify Each of the Following Balance Sheet Items as a Current