Question: Classify each of the 15 items as: a. Current asset b. Property, plant & equipment c. Intangible assets d. Current liability e. Long-term liability f.

Classify each of the 15 items as:

a. Current asset

b. Property, plant & equipment

c. Intangible assets

d. Current liability

e. Long-term liability

f. Stockholders' equity

g. Revenue

h. Operating expense

i. Other expense

j. None of the above 

A letter may be used more than once.

1. Accumulated depreciation:

2. Cost of goods sold: ___

3. Machinery used in the factory: ____

4. Income taxes payable: ____

5. Sales: ____

6. Accounts receivable: ____

7. Retained earnings: ____

8. Interest expense: ____

9. Dividends paid: ____

10. Bonds payable (due in three years): ____

11. Copyright: ____

12. Account Payable: ____

13. Inventory: ____

14. Cash: ___

15. Patent: ____


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