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a) Determine which accounts are current assets and prepare the current assets section of the balance sheet as of December 31, 2021, with the accounts
a) Determine which accounts are current assets and prepare the current assets section of the balance sheet as of December 31, 2021, with the accounts in order of decreasing liquidity.
b) for each account that is not classified as a current asset, indicate how it would be classified on the balance sheet.
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