for each of the following indicate how it normally should be categorized on a classified balance sheet.
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Question:
for each of the following indicate how it normally should be categorized on a classified balance sheet. USE
CA for current assets
NCA for noncurrent asset
CL for current liability
NCL for Non current liability
SE for stockholders equity
Also indicate weather its a normally debit or credit balance
1) Notes and loans payable (short term)
2) materials and supplies
3) common stock
4) patents ( an intangible asset)
5) Income taxes payable
6) long term debt
7) marketable securities
8) property, plant and equipement
9) retained earnings
10) notes and accounts receivable short term
11) investments long term
12) cash and cash equivalents
13) accounts payable
14) crude oil products and merchandise
15) additional paid- in capital
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