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1 (10 marks): choose the correct answer- Classify the following accounts according to the statement of financial position presentation a. Long-term Investments. b. Property, Plant,
1 (10 marks): choose the correct answer- Classify the following accounts according to the statement of financial position presentation a. Long-term Investments. b. Property, Plant, and equipment c. Intangible assets. d. Other assets e. Current assets f. Share capital g. Retained earnings h. Accumulated other comprehensive income i. Non-current liabilities j. Current liabilities Petty cash Rent revenue collected in advance Building Trade name Bonds payable (due in 5 years) Trading securities Bank Overdraft Unrealized gain on non-trading securities Sinking fund * 0 . land held for future expansion Investment in preference shares (long term) Work-in-process inventory Share capital- preference Good will Current por
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