You are provided with the following selected balance sheet accounts for L'Oréal Group SA, the world's largest

Question:

You are provided with the following selected accounts for L'Oréal Group SA, the world's largest beauty products company:
Accumulated amortization-patents and trademarks Inventories
Accumulated depreciation-industrial machinery and equipment Investments
Bank overdraft Land
Cash Non-current borrowings and debts
Common (ordinary) shares Patents and trademarks
Current borrowings and debts Prepaid expenses
Income tax payable (current) Trade machinery and equipment Trade accounts receivable.
Instructions
Identify the (statement of financial position) category for classifying each account. For example, accumulated amortization-patents and trademarks should be classified as a contra asset in the section of L'Oreal's Intangible Assets
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