The following are the major balance sheet classifications:Current assets (CA) .................. Current liabilities (CL)Long-term investments (LTI) ............

Question:

The following are the major balance sheet classifications:Current assets (CA) .................. Current liabilities (CL)Long-term investments (LTI) ............ Long-term liabilities (LTL)Property, plant, and equipment (PPE) ......... Common stock (CS)Intangible assets (IA) ................. Retained earnings (RE)Match each of the following accounts to its proper balance sheetclassification.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...