Following are items that can be found in a balance sheet: Intangible assets Accounts payable Inventory Cash Notes payable (due in ten years) Prepaid

Following are items that can be found in a balance sheet:
• id="12_link" class="def_tooltip" href = "/study-help/definitions/intangible-assets">Intangible assets
•Accounts payable
•Inventory
•Cash
•Notes payable (due in ten years)
•Prepaid expenses
•Property, plant & equipment
•Common stock
•Accounts receivable
•Retained earnings
•Notes payable (due in six months)
•Additional paid-in capital
Required:
Determine the correct balance sheet classification for each item listed. Choices are current assets, long-term assets, current liabilities, long-term liabilities, and stockholders’ equity.