Match the following terms with the appropriate definition. Plant assets Owner's capital Classified balance sheet Intangible assets Current ratio Closing entries Current liabilities Long-term investments Current assets Unclassified balance sheet The owner's claim on the assets of a company. Tangible long-lived assets used to produce or sell products or services. Cash or other assets that are expected to be sold, collected, or used within one year or the company's operating cycle whichever is longer. Entries recorded at the end of each accounting period to transfer end-of-period balances in revenue, expense, and withdrawals accounts to the permanent owner's capital account. Long-term assets used to produce or sell products or services; these assets usually lack physical form and their benefits are uncertain. Assets such as notes receivable or investments in stocks which are held for the longer of one year or the operating cycle of the company. A balance sheet that organizes the assets and liabilities into important subgroups. Debts that are due to be paid or settled within one year or the operating cycle of a business whichever is longer. A balance sheet that broadly groups assets, liabilities and equity items. A ratio that is used to help evaluate a company's ability to pay its short-term obligations, calculated by dividing current assets by current liabilities