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Miller Engineering classified various items on its statement of financial position as follows: Item Classification (i) Trade receivables Current asset (ii) Owner's equity Non-current liability

Miller Engineering classified various items on its statement of financial position as follows: Item Classification (i) Trade receivables Current asset (ii) Owner's equity Non-current liability (iii) Equipment Non-current asset (iv) Inventories Non-current asset Which of the above items are correctly classified?

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