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

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

Dear  teaches

would you take the time to help me classify the right items and categorize them for my reference?

Regarding Question 1 my concern is on "Loans to Employee 120K 30% due by end of 20X6".

Regarding Question 2 do provisions for unbilled expenses of 40K, belong to the current right?