The following are the typical classifications used in a balance sheet:
a. | Current assets | f. | Current liabilities |
b. | Investments and funds | g. | Long-term liabilities |
c. | Property, plant, and equipment. | h. | Paid-in-capital |
d. | Intangible assets | i. | Retained earnings |
e. | Other assets | ||
|
Required: |
For each of the following 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.)
Thank you, so much!
ReplyDelete