Listed below are items that may appear o n a balance sheet Item Classification 1 Accounts payable a Current assets 2 Machinery b Property, plant, and equipment 3 Inventory c Intangible assets 4 Common stock d Current liabilities 5 Notes payable e Long term liabilities 6 Cash f Contributed capital 7...

1 d Current liabilities 2 b Property plant and e ...

Listed below are items that may appear o n a balance sheet. Item Classification________________ 1. Accounts payable

Question:

Listed below are items that may appear o n a balance sheet.
Item Classification________________
1. Current assets
2. Machinery b. Property, plant, and equipment
3. Inventory c.
4. d. Current liabilities
5. Notes payable e. Long-term liabilities
6. Cash f. Contributed capital
7. Copyright g. Retained earnings
8. Net income less dividends
9. Accumulated depreciation
10. Accounts receivable

Required:
Match each item with its appropriate classification on the balance sheet.

Intangible Assets
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Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...