The following are the major balance sheet classifications. Current assets (CA) Current liabilities (CL) Long-term investments (LTI)

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The following are the major balance sheet classifications.

Current assets (CA)                                     Current liabilities (CL)
Long-term investments (LTI)                       Long-term liabilities (LTL)
Property, plant, and equipment (PPE)         Common stock (CS)
Intangible assets (IA)                                   Retained earnings (RE)

Match each of the following accounts to its proper balance sheet classification.

_____ Accounts payable                     _____ Income taxes payable
_____ Accounts receivable `               _____ Investment in long-term bonds
_____ Accumulated depreciation        _____ Land
_____ Buildings                                  _____ Inventory
_____ Cash                                          _____ Patent
_____ Goodwill                                   _____ Supplies

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