You are reviewing the balance sheet of Worldwide Technology, a manufacturer of assorted electronic components You observe the following account classifications a Intangible assets b Inventories c Investment in marketable securities d Property, plant, and equipment e Accounts receivable For each of ...

a Intangible assets A longterm asset category including items such as patents copyrights trademarks ...

You are reviewing the balance sheet of Worldwide Technology, a manufacturer of assorted electronic components. You observe

Question:

You are reviewing the of Worldwide Technology, a manufacturer of assorted electronic components. You observe the following account classifications.
a.
b. Inventories
c. Investment in marketable securities
d. Property, plant, and equipment
e. Accounts receivable
For each of the classifications listed above, indicate whether it probably involves current assets or long-term assets. For each classification, give two examples of assets that might be reported there. Also indicate what attribute is being reported for each example you give (e.g., original cost, depreciated cost, market value, and so on).

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... 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...