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# q: `7 }7 ^8 P8 l ?4 q) R$ ^% aOne 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?8 ]$ v" S# g/ ^; }. m
A. Both should be classified as current.& J, N2 |2 d9 G& B
B. Both should be classified as non-current.
/ u' V: y9 C0 n' oC. One should be classified as current and one should be classified as non-current., d' y: @2 ^. X: H! k' h
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