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Classification of Balance Sheet Items Intangible assets: Accounts payable: Inventory: Cash: Notes payable (due in ten years): Prepaid expenses: Property, plant & equipment: Common stock:
Classification of Balance Sheet Items
Intangible assets:
Accounts payable:
Inventory:
Cash:
Notes payable (due in ten years):
Prepaid expenses:
Property, plant & equipment:
Common stock:
Accounts receivable:
Retained earnings:
Notes payable (due in six months):
Additional paid-in capital:
Determine the correct balance sheet classification for each item listed. Choices are current assets, long-term assets, current liabilities, long-term liabilities, and stockholder's equity
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