(L.OBJ. 5) Classifying assets and liabilities as current or long-term [10 min] Link Bac...

(L.OBJ. 5) Classifying assets and liabilities as current or long-term [10 min]

Link Back to Chapter 3 (Book Value). Examine Ink Jet Printing’s account balances in Short Exercise 4-9.

Requirement

1. Identify or compute the following amounts For Ink Jet Printing:

a. Total current assets

b. Book value of plant assets

c. Total current liabilities

d. Total long-term liabilities