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3. Classified balance sheets commonly include the following categories. (15%) a. Current assets b. long-term investments c. Plant assets d. Intangible assets e. Current liabilities

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3. Classified balance sheets commonly include the following categories. (15%) a. Current assets b. long-term investments c. Plant assets d. Intangible assets e. Current liabilities 1. Long-term liabilities 8. Equity X Not in the balance sheet Indicate the typical classification of each item listed below by placing the letter of the correct balance sheet category a through g in the blank space next to the item. owne Buildings used in business operations Office Supplies Land held for future plant expansion Long-term note payable Accounts Receivable Margarita Acosta, Capital Accounts payable Current portion of long-term debt Patents Wages payable Prepaid insurance Cash Machine Withdrawals Unearned revenue 9) 10) 11) 12) 13) 15)

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