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The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible
The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in-capital i. Retained earnings Required: For each of the following 2016 balance sheet items, use the letters above to indicate the appropriate classification category, (if the item is a contra account, select the appropriate letter with a minus sign.)
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