what are the two asset classifications?

for my accounting homework πŸ˜€ Answer? Favorite Answer Current Assets (expected to be used/collected within one year) – Cash – Accounts Receivable – Short-term Notes Receivables – Merchandise Inventory – Marketable Securities Long-term Assets (expected to be used by the business for periods over one year) – Equipment – Factories/Plants – Property/Land – Long-term Notes … Read more