Classifying Balance Sheet Accounts Use the letters a to k from the balance sheet classifications provided below to indicate the usual classification for each of the 22 balance sheet items listed below. Also indicate whether an account is a contra account. If the item is not a contra account, select "N/A" as your answer.. Balance Sheet Classification a. Current assets. Long-term liabilities. b. Investments. h. Paid-in capital. C. Property, plant, and equipment. i. Retained earnings. d. Intangible assets. j. Accumulated other comprehensive income. e. Other assets. k. Noncontrolling interests. f. Current liabilities. Classification Contra account . + . Balance Sheet Item 1. Accumulated depreciation. 2. Bonds payable (due in 10 years). 3. Accounts payable (trade). 4. Investment in stock of another company (long-term holding). 5. Land (in use) 6. Accumulated unrealized gain on foreign currency translation adjustment. 7. Office supplies inventory. 8. Restricted cash (release not expected for two years). 9. Accumulated income less accumulated dividends. 10. Deferred revenue (short-term). 11. Bond sinking fund (to retire long-term bonds). 12. Prepaid insurance. 13. Accounts receivable (trade). 14. Short-term investment. 15. Allowance for doubtful accounts. 16. Building (in use). 17. Common stock (par $10). 18. Interest revenue earned but not collected. 19. Value of shares held by noncontrolling stockholders. 20. Patent. 21. Land, held for investment. 22. Paid-in capital in excess of par-common stock