Classification of items in the statement of financial position  LO3 The general ledger trial balance of Jack Ltd includes the following accounts that are reported in the statement of financial position.

(a) Trade receivables (g) Debentures payable

(b) Work in progress (h) Preference share capital

(c) Trade creditors (i) Unearned revenue

(d) Prepayments (j) Accrued salaries

(e) Property (k) Trading securities held

(f) Goodwill (l) Share capital Jack Ltd classifies assets and liabilities into current and non-current categories and uses the minimum line items permitted under AASB 101/IAS 1. Required Assume you are the accountant responsible for preparing the statement of financial position of Jack Ltd. In which caption and classification on the statement of financial position would you include each of the above accounts? If you need additional information to finalise your decision as to the appropriate classification or caption, indicate what information you require.