Which of these items is reported as a current shareholders' equity on a classified balance sheet?

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Current shareholders' equity refers to the portion of a company's equity that is available to shareholders for current or future distribution. Common shares are the most basic form of ownership in a company and represent a portion of the company's equity. Therefore, common shares are reported as current shareholders' equity on a classified balance sheet. Net income is reported in the retained earnings section of shareholders' equity, while accounts payable is a liability and land is a long-term asset.

Which of These Items Is Reported as a Current Shareholders