Accounting Problem (Simple)

Instructions: Please refer to the accounts below (Accounts 1-3.png), using that information, State which accounts are Short-Term Assets, and Long-Term Assets.

Note: Not all accounts below will be used.

Accounts

Cash & Equivalents FV-NI Investments Accounts Receivable - Trade Accounts Receivable - Projects Other Accounts Receivable Interest Receivable Allowance for Doubtful Accounts Inventory Inventory on Consignment Prepaid Insurance FV-OCI Investments Contract Asset/Liability Land Building Building - Accumulated Depreciation Equipment Equipment - Accumulated Depreciation Intangible Assets Intangible Assets - Accumulated Amortization Goodwill Accumulated Impairment Loss - Goodwill Accounts Payable Deferred Tax Liability HST Payable Interest Payable Dividends PayableIncome Tax Payable Wages Payable Notes Payable Bank Loan Common Stock Retained Earnings Revaluation Surplus - OCI Revenue from Long-term Contract (2019) Revenue from Long-term Contract - Project #1 Revenue from Long-term Contract - Project #2 Revenue from Consignments Sales Revenue - Equipment Dividend Income Interest Income Gain/ (Loss) on sale of truck Investment Income or Loss Unrealized Gain or Loss - OCI Cost of Goods Sold Construction Expenses (2019) Construction Expenses - Project #1 Construction Expenses - Project #2 Loss on Impairment Equipment Rental (other expenses) Equipment Repairs (other expenses) Wages Payroll Tax ExpenseInterest Expense Utilities Income tax expense Insurance Expense Bad Debt Expense Commission Expense Advertising Expense Administration Expenses Amortization Expense (other expense) Depreciation Expense (other expenses)