BALANCE SHEET Listed below are items that may appear on a balance sheet.

Item Classification Accounts payable Machinery Inventory Common stock Notes payable Cash Copyright Net income less dividends Accumulated depreciation Accounts receivable

a. Current assets

b. Property, plant, and equipment

c. Intangible assets

d. Current liabilities

e. Long-term liabilities

f. Contributed capital g. Retained earnings Required:

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

Cornerstone Exercise