Assets Balance sheet assets are classified by group to facilitate analysis and decision making. In each of the fol- lowing situations, indicate which balance sheet asset classifi- cation would contain the information needed, and list the assets that normally would be included in the classification:

a. You wish to determine the amount of assets that are expected to be available to pay the debts that will be due within one year.

b. When comparing two companies, you wish to determine which one has invested the larger amount in operating assets.

c. You wish to determine the amount of assets the company has that can be used for a major expansion to take place two years from now.

d. You wish to determine the amount the company paid to purchase the brand name of a product line from another company.