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BE2-1 The following are the major balance sheet classifications: Classify accounts on Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) balance sheet. Property, plant, and equipment (PPE) Common stock (CS) Intangible assets (IA) Retained earnings (RE) (L0 1), K Match each of the following accounts to its proper balance sheet classification. Accounts payable Income taxes payable Accounts receivable Investment in long-term bonds Accumulated depreciation Land Buildings Inventory Cash Patent Goodwill Supplies BE2-2 A list of financial statement items for Chin Company includes the following: ac- Prepare the current assers counts receivable $14,000, prepaid insurance $2,600, cash $10,400, supplies $3,800, and section of a balance sheet. debt investments (short-term) $8,200. Prepare the current assets section of the balance ([201), Ap. sheet listing the items in the proper sequence. BE2-3 The following information (in millions of dollars) is available for Limited Brands for Contute eamings per shane. average shares outstanding 333 million. Compute the earnings per share for Limited Brands. BE2-4 These selected condensed data are taken from a recent balance sheet of Bob Evans Calculate liquidity ratios. Farms (in millions of dollars). Compute working capital and the current ratio