From the following list, indicate all statements that are correct with regard to assets

1: Accounts receivable differs from notes receivable in that notes receivable are generally interest bearing

2: Supplies are goods such as food products, clothing, housewares, appliances, and outdoor products held for resale to customers

3: There is no difference between Cash and cash equivalents

4: Prepaid expenses are current assets because they reflect unused benefits for rent or insurance coverage that will normally be used up within the next year.

5: The terms non-current and long-term are used interchangeably to describe assets

6: Trading investments are normally non-current assets

7: North American companies normally list current assets in the order in which they are expected to be converted into cash; that is, in order of liquidity