Instructions For each of the accounts above, indicate the proper balance sheet classification. In the case...

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Instructions For each of the accounts above, indicate the proper balance sheet classification. In the case of borderline items, indicate the additional information that would be required to determine the proper classification. E4.2 (LO 1) (Classification of Balance Sheet Accounts) Presented below are the captions of Faulk Company's balance sheet. a. Current assets. b. Long-term investments. c. Property, plant, and equipment. d. Intangible assets. e. Other assets. Instructions f. Current liabilities. g. Noncurrent liabilities. h. Capital stock. i. Additional paid-in capital. j. Retained earnings. Indicate by letter where each of the following items would be classified. 1. Preferred stock. 2. Goodwill. 3. Salaries and wages payable. 4. Accounts payable. 5. Buildings. 6. Equity investments (to be sold within one year). 7. Current maturity of long-term debt. 8. Premium on bonds payable. 9. Allowance for doubtful accounts. 10. Accounts receivable. 11. Notes payable (due next year). 12. Supplies. 13. Common stock. 14. Land. 15. Inventory. 16. Prepaid insurance. 17. Bonds payable. 18. Income taxes payable. Instructions For each of the accounts above, indicate the proper balance sheet classification. In the case of borderline items, indicate the additional information that would be required to determine the proper classification. E4.2 (LO 1) (Classification of Balance Sheet Accounts) Presented below are the captions of Faulk Company's balance sheet. a. Current assets. b. Long-term investments. c. Property, plant, and equipment. d. Intangible assets. e. Other assets. Instructions f. Current liabilities. g. Noncurrent liabilities. h. Capital stock. i. Additional paid-in capital. j. Retained earnings. Indicate by letter where each of the following items would be classified. 1. Preferred stock. 2. Goodwill. 3. Salaries and wages payable. 4. Accounts payable. 5. Buildings. 6. Equity investments (to be sold within one year). 7. Current maturity of long-term debt. 8. Premium on bonds payable. 9. Allowance for doubtful accounts. 10. Accounts receivable. 11. Notes payable (due next year). 12. Supplies. 13. Common stock. 14. Land. 15. Inventory. 16. Prepaid insurance. 17. Bonds payable. 18. Income taxes payable.