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 AppendixLO1