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

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Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item most likely appear. Items Balance Sheet Category 1. Cash 2. Copyrights 3. Accounts receivable 4. Unearned revenue 5. Store equipment 6. Franchises 7. Machinery 8. Wages payable

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