Classification of assets is extremely important. Please allocate the following as current assets, investments, intangible assets or tangible assets:

A. Land	G. Tools
B. Cash	H. Prepaid Expenses
C. Copyrights	I. Buildings
D. Marketplace Securities	J. Accounts Receivable
E. Goodwill	K. Long-term investment in commom stock
F. Inventories	L. Machinery

5.

Current assets would be:

A) B, D, F, G, J B) B, C, D, F, J C) B, D, G, H,J D) B, F, G, H, J E) B, D, F, H, J

6.

Investments would be:

A) A B) D C) F D) I E) K

7.

Intangible assets would be:

A) A, I B) C, E C) D, K D) F, J E) G, L

8.

Tangible assets would be:

A) A, G, I, L B) A, I C) G, L D) F, J

Classification of liabilities and owner