(L.OBJ. 5) Classifying assets and liabilities as current or long-term [5 min] Ink Jet P...

(L.OBJ. 5) Classifying assets and liabilities as current or long-term [5 min]

Ink Jet Printing reported the following (amounts in thousands):

Requirements

1. Identify the assets (including contra assets) and liabilities.

2. Classify each asset and each liability as current or long-term.