Classification of Financial Statement Items Regal Entertainment Group operates the largest chain of movie theaters in the U.S. Classify each of the following items found in the company's financial statements included in the Form 10- K for the year ended December 31, 2015, according to: 1. whether it belongs on the income statement or balance sheet and 2. whether it is a revenue, expense, asset, liability, or stockholders' equity item. Item Example: Cash and cash equivalents 1. Trade and other receivables, net 2. Class A common stock 3. Inventories 4. Admissions 5. Cost of concessions 6. Equipment 7. Accounts payable 8. Retained earnings 9. Interest expense, net 10. Long-term debt, less current portion Appears on the Balance sheet Classified as Asset Asset Asset Expense Liability Revenue Stockholders' equity