The following are common categories on a classified balance sheet.

A. Current assets D. Intangible assets B. Long-term investments E. Current liabilities C. Plant assets F. Long-term liabilities For each of the following items, select the letter that identifies the balance sheet category where the item typically would best appear.

1. Land not currently used in operations 5. Accounts payable 2. Notes payable (due in five years) 6. Store equipment 3. Accounts receivable 7. Wages payable 4. Trademarks 8. Cash