Question
Classify each of the following accounts taken from Raman Companys balance sheet. Accounts Balance Sheet Classification Accounts payable select a balance sheet classification Current AssetsLong-term
Classify each of the following accounts taken from Raman Companys balance sheet.
Accounts | Balance Sheet Classification | |
---|---|---|
Accounts payable | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Accounts receivable | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Cash | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Common stock | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Patents | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Salaries and wages payable | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Inventory | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Stock investments (to be sold in 7 months) | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Accumulated depreciationequipment | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Buildings | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Land (in use) | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Notes payable (due in 2 years) | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Supplies | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Equipment | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity | |
Prepaid expenses | select a balance sheet classification Current AssetsLong-term InvestmentsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesStockholders' Equity |
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