Use the same abbreviations as in AP1-8 to answer the following question. In AP Required: Classify the

Question:

Use the same abbreviations as in AP1-8 to answer the following question.
In AP

Required:
Classify the following items according to where they would appear in the financial statements:
a. Intangible assets
b. Interest revenue
c. Cash collections from amounts owed by customers on account
d. Cost of developing a new advertising campaign
e. Earnings over the years that have not been paid to shareholders as dividends
f. Revenue from the provision of services to customers
g. Dividends paid
h. Increase in a bank loan (additional borrowings)
i. Supplies used this year
j. An investment in the shares of another corporation (the intent is not to sell the investment in the near future)
k. Amounts paid to repurchase shares from shareholders

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...