(Answered) You learned the difference between current assets and

Accounting

You learned the difference between current assets and long-term assets. This Discussion will see you analyze the financial report that you chose in the first Week 1 Discussion with this knowledge. Why do you think some items are classified as current and others are long-term? Your colleagues may disagree with you, so be prepared to defend your arguments.

At least 200 words addressing the following points:

Identify and discuss why certain items are classified as current assets versus long-term assets.

Explain the difference between current assets versus long-term assets.

Explain the differences between the categories of assets reported on the balance sheet.

Review and identify which footnotes specifically relate to balance sheet accounts

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