All i need to know is how to label it like is it a current asset, intangible, current liability etc. Suppose the following items were taken from the…

All i need to know is how to label it like is it a current asset, intangible, current liability etc.

Blue Spruce Corp.

Common stock $2,800Accumulated depreciation—equipment

$2,570 Prepaid rent 165 Accounts payable 1,790 Equipment 7,210 Patents 2,100 Stock investments (long-term) 740Notes payable (long-term)

800 Debt investments (short-term)1,950 Retained earnings 8,105 Income taxes payable 160 Accounts receivable 1,830Cash 1,230 Inventory 1,000

(List current assets in order of liquidity.)

Balance sheet Assets Current Assets _ _ cash _ 1230 _Accounts receivables _ 1 83 0 _ Debt investments 1950 Prepaid rent _ 165 _inventory _ 1000 _ _Total current assets _ _ 6175 _ Long term…

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