Classifying balance sheet items: The following are common categories on a classified balance sheet.

A. Current assets D. Intangible assets B. Long-term investments E. Current liabilities F. Long-term liabilities C. Plant assets For each of the following items, select the letter that identifies the balance sheet category where the item typically would appear.

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1. Land not currently used in operations 2. Notes payable (due in five years) 3. Accounts receivable 4. Trademarks 5. Accounts payable 6. Store equipment 7. Wages payable 8. Cash