Why do you think some items are classified as current and others are long-term?
Write 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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