Question: Listed below are items that may appear o n a balance sheet. Item Classification________________ 1. Accounts payable a. Current assets 2. Machinery b. Property, plant,
Item Classification________________
1. Accounts payable a. Current assets
2. Machinery b. Property, plant, and equipment
3. Inventory c. Intangible assets
4. Common stock d. Current liabilities
5. Notes payable e. Long-term liabilities
6. Cash f. Contributed capital
7. Copyright g. Retained earnings
8. Net income less dividends
9. Accumulated depreciation
10. Accounts receivable
Required:
Match each item with its appropriate classification on the balance sheet.
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