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Exercise 4-15 The following are the major statement of financial position classifications. Intangible assets Equity Property, plant, and equipment Non-current liabilities Long-term investments Current liabilities

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Exercise 4-15 The following are the major statement of financial position classifications. Intangible assets Equity Property, plant, and equipment Non-current liabilities Long-term investments Current liabilities Current assets Classify each of the following accounts taken from Geraldo Company's statement of financial position. Statement of Financial Position Classification Accounts Accounts payable Accounts receivable Cash Share capital-ordinary Patents Salaries and wages payable Inventory Investments Accumulated deprec Buildings Land Long-term debt Supplies Equipment Prepaid expenses

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