1. A thorough review of GE Broadcasting assets at the end of December 31, 20X5, resulted in the following information:

Cash on hand and cash at bank totaling $484,000

Fixed-term deposits with banks totaling $142,000 (matures July 1, 20X7)

Inventories totaling $324,000

Trade receivables totaling $245,000

Loans to employees of $120,000, 30% of which is due by the end of 20X6

PPE with a historical cost of $129,000 and accumulated depreciation of $12,000

Investment in associate companies using equity method at $35,000

Short-term investment in publicly traded shares of listed companies at $10,000

Question 1: What are GE Broadcasting's current and non-current assets?

2. GE Broadcasting's liabilities at the end of December 31, 20X5:

Trade payable of $317,000

Note payable of $245,000 due July 1, 20X7

Interest accrued for note payable $8,000 (payable every quarter, the next payment being

on April 1, 20X6)

Provisions for unbilled expenses of $40,000

Provision for employee benefit of $248,000 (first employee retirement expected in 20X9)

Interest-free loan from a shareholder, totaling $400,000, payable in eight equal quarterly

installments, first payment due on March 1, 20X6.

Question 2: What are GE Broadcasting's current and non-current liabilities?

Dear teaches

would you take time help me classify the right items and catogary them for me reference.

Regarding the Question1 my concern is on "Loans to Employee 120K 30% due by end of 20X6".

Regarding the Question 2 is provisions for unbilled expenseds of 40K, this belong to current right?

Looking forward to your answers and thanks so much.

Thanks