a) Non-current-Current

b) Nontrade receivable-Trade receivable-Not a receivable

c) Current Liabilities - Intangible Assets - Long-term Investments - Long-term Liabilities - Property, Plant and Equipment - Shareholders' Equity - Not Applicable

Brief Exercise 7-4 Sheridan Company, a clothing manufacturer, is preparing its statement of financial position at December 31, 2017. For each of the following amounts as at December 31, 2017, indicate whether the amount is (a) current or non-current; and (b) a trade receivable, a nontrade receivable, or not a receivable. If the amount is not a receivable, indicate its correct statement of financial position classification. If the amount is a receivable, select Not Applicable. (a) (b) Correct Statement of Financial Position Classification 1. Cheque received from a customer for $1,100, dated January 1, 2018 2. Bank overdraft balance of $48,600 3. Income taxes recoverable of $13,300 4. $10,500 owing from a customer (now 11 days overdue), exchanged for a two-year note bearing interest at 8% payable annually 5. Sheridan sold a piece of machinery to Crane Company this past year. As part of the sale transaction, $19,100 is owing from Crane, due to be received on January 31, 2019