I need help distinguishing between which ones are current assets, intermediate a

Question

I need help distinguishing between which ones are current assets, intermediate assets, fixed assets, current liabilities, intermediate liabilities and long term liabilities. I know for sure that 11 are current assets, 4 are intermediate assets, 3 are fixed assets, 8 are current liabilities, 1 is intermediate liability and 1 long term liability I just can't distinguish which is which Land (present market value) Beef brood cows Bulls Checking account balance Account payable at Bill's Feed Store Horses (working) Cash on hand Wheat on hand Hay on hand Growing wheat Ranch mortgage - payment due 6/1/145 2,000 a 145 hea 2 head $8,200 $4,000 4 a, $1 $1,800 2,000 b 80 tons 300 acr $13,500 $604,0 $50,00 $26,50 100 he $7,000 95 hea $12,00 $4,000 $50,00 balance after payment Buildings &improvements; Loan on feeder cattle (all due 3/1/15) Calves (to be sold this spring) Savings account Feeder cattle (to be sold in 40 days) Note at bank (all due 831/15) Truck Other machinery& equipment le 5/1/15 53000 Loan on beef cows-payment due 5/1/15$6,00 $55,00 $1,00 $2,00 $2,00 $600 $3,00 bal. after payment U.S. Savings bond (mkt. security) Past due real estate taxes Account receivable Saddles, tack, etc. Corporate stock (mkt. security)

Explanation / Answer

Land Fixed asset Beef Brood cows Current asset Bulls Current asset Checking Account balance Current asset Account payable Current Liabilities horses intermediate asset cash on hand Current asset wheat on hand Current asset hay on hand Current asset growing wheat Current asset ranch mortgage payment due 6/1/15 Current Liabilities after payment long term liability buildings Fixed asset Loan on feeder cattle Current Liability Calves intermediate asset Savings Current asset Feeder Cattle intermediate asset note at bank Current Liability Truck Fixed asset Other machinery Fixed asset Loan on beef cows due 5/1/15 Current Liabilities after payment Current Liabilities US savings bond intermediate asset Past ude real estate taxes intermediate Liability Accounts receivable Current asset saddles tack Current asset Corporate Stock. intermediate asset

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