II. Matching point each A classified balance sheet contains the following categories:

17 points

A. Current assets

B. Noncurrent assets

C. Current liabilities

D. Noncurrent liabilities

E. Stock Holders Equity

F. Not on balance sheet

Identify which category each of the following items would be placed in when constructing a classified balance sheet. Indicate your answer by placing the appropriate letter in the space provided.

____ 11. Cash in a savings account at Wells Fargo Bank.

____ 12. Intangible assets.

____ 13. Prepaid Insurance.

____ 14. Notes receivable due within one year.

____ 15. Accounts receivable.

____ 16. Long-term lease obligations.

____ 17. Gain on sale of plant assets.

____ 18. Income tax payable.

____ 19. Unearned revenue from rent received in advance.

____ 20. Capital Stock.

____ 21. Petty Cash.

____ 22. Finished Goods Inventory.

____ 23. Mortgage payable.

____ 24. Equipment.

____ 25. Goodwill

____ 26. Loss on sale of fixed assets.

____ 27. Cost of Goods Sold.