Indicate the appropriate classification of each of the following as a Current asset, Noncurrent asset, Current liability, or Long term liability.

prdgress false Calculator Classification of Assets and Liabilities Indicate the appropriate classification of each of the following as a Current asset, Noncurrent asset, Current liability, or Long-term liability. Accounts Classification 1. Inventory 2. Accounts payable 3. Cash 4. Patents 5. Notes payable, due in six months 6. Taxes payable 7. Prepaid rent (for the next nine months) 8. Bonds payable, due in ten years 9. Machinery