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Select from the option list provided the best classification for each item below. Each choice may be used once, more than once, or not at
Select from the option list provided the best classification for each item below. Each choice may be used once, more than once, or not at all. Item Classification 1. Leasehold improvements Property, plant, and equipment 2. Loans to officers not expected to be collectible within 1 year Investments and funds 3. Bonds payable issue costs Not classified as an asset 4. Trading securities Current assets 5. Goodwill Intangible assets 6. Cash equivalents Current assets 7. Cash restricted to payment of pension obligations Other noncurrent assets
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