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-/10 E View Policies Current Attempt in Progress The various classifications listed below have been used in the past by Maris Company on its
-/10 E View Policies Current Attempt in Progress The various classifications listed below have been used in the past by Maris Company on its statement of financial position. It asks your professional opinion concerning the appropriate classification of each of the items 1-12 below. Indicate how each of the following items should be classified. If an item need not be reported in the statement of financial position use "Not Reported" for your answer. 1. Warranty liabilities. 2 Cash in sinking fund 3 Rent revenue collected in advance. 4. Equipment held for sale 5. Patents 6. Raw materials inventory. 72 Interest receivable. Advances to salespersons. 9. Provision for warranty claims Current Liabilities Investments Current Uabilities Other Assets Intangible Asset Current Assets Tools
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