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Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the

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Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance st most likely appear Balance Sheet Category 1. Short-term investments 2. Inventory 3. Trademarks 4. Notes payable (due in five years) 5. Accounts payable 6. Copyrights 7 Equipment 8. Buildings Current assets Current liabilities Intangible assert Long-term investments

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