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The following are the major balance sheet classifications. Current assets (CA) Long-term investments (LTI) Property, plant, and equipment (PPE) Intangible assets (IA) Current liabilities (CL)
The following are the major balance sheet classifications. Current assets (CA) Long-term investments (LTI) Property, plant, and equipment (PPE) Intangible assets (IA) Current liabilities (CL) Long-term liabilities (LTL) Common stock (CS) Retained earnings (RE) Classify each of the following financial statement items taken from Inshore Corporation's balance sheet. Accounts payable Accounts receivable Land Mortgage payable Supplies Equipment Prepaid rent Copyrights Bonds payable Patents Inventory Stock investments (to be sold in 18 months) Buildings Cash Interest receivable Goodwill Notes payable Unearned sales revenue Salaries and Wages payable Retained earnings
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