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Common categories of a classified balance sheet include Current Assets, Long Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each
Common categories of a classified balance sheet include Current Assets, Long Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following tems, identify the balance sheet category where the item typically would best appear an item does not appear on the balance, indicate that instead Accomme Title 1. Short term investments Clarificio Accound Tade 11. Cash 2. Taxes payable (Due in 5 weeks) 3.Supplies 4. Goodwill 5. Office supplies 6. Franchises 7. Store supple & Copyrights 9. 10. Prepaid Insurance (expires in 5 month) Trademarks 12 P 13. Interest receivable 14. Machinery 15. Prepaid rent (2 months of ent 16 Equipment 17. Repairs expense 18. Land 19. Depreciation expense-Bolding 20. Office equipment Classification
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