1.The following are common categories on a classified balance sheet.

a)Current assets

b)Long-term investments

c)Plant assets

d)Intangible assets

e)Current liabilities

f)Long-term liabilities

For each of the following items, select the letter that identifies thebalancesheet category where the item typically would best appear.

_____Land not currently used in operations

_____Notes payable (due in five years)

_____Accounts receivable

_____Trademarks

_____Accounts payable

_____Store equipment

_____Wagespayable

_____Cash