a. 8. Long-term fiabilities. Problems Following are the usual balance sheet classifications a throughk Balance sheet classifications Current assets, h. Paid-in capital b. Investments. i Retained carnings. c. Property, plant, and equipment Accumulated other comprehensive income d. Intangible assets. Noncontrolling interests. e Other assets. f. Current liabilities. Following are common accounts and disclosures on the balance sheet. Balance sheet items 21. Trade accounts payable. 1. Cash. 2. Cash set aside to meet long-term purchase 22. Current maturity of long-term debe. commitment 23. Land (held for speculation). 3. Land (used as plant site). 24. Notes payable (short-term). 4. Accrued salaries 25. Special cash fund accumulated to build 5. Investment in the capital stock of another plant five years from the balance sheet date. company (long term, not a controlling 26. Bonds issuedto be paid within six interest) months. 6. Inventory of damaged goods. 27. Long-term investment in rental building 7. Idle plant, held for disposal. 28. Copyright 8. Investment in bonds of another company 29. Land purchased for future use. (long-term). 30. Accumulated depreciation. 9. Cash surrender value of life insurance 31. Franchise policy 32. Accounts receivable 10. Goodwill 33. Deferred tax liability.net. 11. Natural resource (timber tract) 34. Common stock par value). 12. Allowance for doubtful accounts 35. Pension liability 13. Finance receivables, long term 36. Foreign currency exchange adjustment 14. Service revenue collected in advance. 37. Contributed capital in excess of par. 15. Accrued interest payable 16. Accumulated amortization on patent. 17. Prepaid reat expense. 39. Unamortized bond discount (on bonds 18. Short-term investment (common stock). payable long-term). 19. Deferred revenue. 20. Net of accumulated revenues, gains, expenses, losses, and dividends. Required 38. Equipment . 40. Cash equivalent Enter the classification through k for each balance sheet item to indicate its usual balance sheet classification Indicate whether an account is a contra account