Match the described balance sheet account or income statement transaction with the accounting element, as described on the cheat sheet. An Investment is held in the common stock 2 of another company for the purpose of building a supplier relationship over an extended period of time. Marketable securities are held for the -_purpose of obtaining income on excess cash. The company receives a cash dividend on an investment accounted for using the equity method. Do not use the current assets (cash account) element. A decline in the market value of marketable 1. Current Assets 9._ securities is recognized. Do not use the current assets (cash account) element. Stock is held through a buy back of the _-_ Company's own stock and not that of another entity. A patent is amortized and reduced in value based on the passage of time in relation to 2. Long-term Assets 3. Current Liabilities 4. Long-Term Liabilities 5. Contributed Equity 6. Revenue 7. Expense its useful life. Do not use the long-term 8. Gain assets (Patent) account element. 9. Loss A patent is amortized and reduced in value - 7 based on the passage of time in relation to its useful life. Do not use the long-term assets (Patent) account element. Dividends are received from the holding of - 6 marketable securities. Do not use the current assets (cash account) element. Goodwill is determined to be of a lower value based on discounted future cash -3 flows. Do not use the long-term assets (Goodwill) account) element. 9 An intangible asset is sold at a loss. Do not use the long-term assets element. Dividends are distributed to a company's 10 own shareholders. Do not use the current assets (cash account) element