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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
Common categories of a classified balance sheet include Current Assets, LongTerm Investments, Plant Assets, Intangible Assets, Current Liabilities, LongTerm Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance sheet, indicate that instead.
tableAccount Title,Classification,Account Title Accounts receivable,, Prepaid Insurance expires in months Accounts payable,, Trademarks Shortterm investments,, Cash Taxes payable Due in weeksCurrent liabilities, Patents Supplies,, Interest receivable Goodwill, Machinery, Office supplies, Prepaid rent months of Rent Franchises, Equipment, Store supplies, Repairs expense, Copyrights, Land,
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