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
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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