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* V0 j5 M- B0 g2 t9 M/ O8 h' y! TOne of a firm assets is 270-day commercial paper that the firm intends to hold to maturity. One of its liabilities is a short position in a common stock, which the firm holds for trading purposes. How should this asset and this liability be classified on the firm balance sheet?
0 u1 f( i9 t4 w, D( w% HA. Both should be classified as current.
7 Z4 [- ^) q9 M Z4 g O QB. Both should be classified as non-current.$ G8 j& J' r: `! v
C. One should be classified as current and one should be classified as non-current.: p3 f% G4 \9 K0 p& X
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1 Z( W b. V. {关注:这里是华尔街(ID:CFA-online)公众号,每天读点金融,离梦想更近一点!* i% I5 R- N; ?/ c6 R% k
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