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Classify each of the following financial statement items taken from Ming Corporations balance sheet. select a proper balance sheet classification Long-term LiabilitiesLong-term InvestmentsStockholders EquityProperty, Plant,

Classify each of the following financial statement items taken from Ming Corporations balance sheet.

select a proper balance sheet classification Long-term LiabilitiesLong-term InvestmentsStockholders EquityProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesCurrent Assets

Accounts payable

select a proper balance sheet classification Property, Plant, and EquipmentCurrent AssetsIntangible AssetsStockholders EquityLong-term InvestmentsLong-term LiabilitiesCurrent Liabilities

Accounts receivable

select a proper balance sheet classification Intangible AssetsCurrent AssetsLong-term LiabilitiesLong-term InvestmentsStockholders EquityCurrent LiabilitiesProperty, Plant, and Equipment

Accumulated depreciationequipment

select a proper balance sheet classification Stockholders EquityIntangible AssetsLong-term LiabilitiesProperty, Plant, and EquipmentCurrent LiabilitiesCurrent AssetsLong-term Investments

Buildings

select a proper balance sheet classification Intangible AssetsCurrent LiabilitiesProperty, Plant, and EquipmentLong-term InvestmentsCurrent AssetsLong-term LiabilitiesStockholders Equity

Cash

select a proper balance sheet classification Current LiabilitiesProperty, Plant, and EquipmentIntangible AssetsLong-term LiabilitiesStockholders EquityCurrent AssetsLong-term Investments

Interest payable

select a proper balance sheet classification Stockholders EquityProperty, Plant, and EquipmentLong-term InvestmentsCurrent AssetsCurrent LiabilitiesLong-term LiabilitiesIntangible Assets

Goodwill

select a proper balance sheet classification Long-term LiabilitiesIntangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsStockholders EquityCurrent AssetsCurrent Liabilities

Income taxes payable

select a proper balance sheet classification Intangible AssetsProperty, Plant, and EquipmentStockholders EquityCurrent AssetsCurrent LiabilitiesLong-term LiabilitiesLong-term Investments

Inventory

select a proper balance sheet classification Stockholders EquityProperty, Plant, and EquipmentLong-term InvestmentsCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent Liabilities

Stock investments (to be sold in 7 months)

select a proper balance sheet classification Long-term LiabilitiesIntangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsStockholders EquityCurrent LiabilitiesCurrent Assets

Land (in use)

select a proper balance sheet classification Long-term InvestmentsLong-term LiabilitiesIntangible AssetsCurrent LiabilitiesProperty, Plant, and EquipmentStockholders EquityCurrent Assets

Mortgage payable

select a proper balance sheet classification Intangible AssetsLong-term LiabilitiesStockholders EquityCurrent LiabilitiesCurrent AssetsProperty, Plant, and EquipmentLong-term Investments

Supplies

select a proper balance sheet classification Intangible AssetsCurrent LiabilitiesLong-term InvestmentsCurrent AssetsStockholders EquityLong-term LiabilitiesProperty, Plant, and Equipment

Equipment

select a proper balance sheet classification Intangible AssetsLong-term InvestmentsLong-term LiabilitiesStockholders EquityCurrent LiabilitiesProperty, Plant, and EquipmentCurrent Assets

Prepaid rent

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