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