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!
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