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EA 5 . LO 2 . 2 For each of the following items, identify whether the item is considered current or noncurrent, and explain why.
EA LO For each of the following items, identify whether the item is considered current or
noncurrent, and explain why.
Solution
Item Current or Noncurrent?
Cash
Inventory
Machines
Trademarks
Accounts Payable
Wages Payable
Owner, Capital
Accounts Receivable
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