BALANCE SHEET PRESENTATION Listed below are items that may appear on a classified balance sheet.

. Land

. Amounts due from customers

. Office building

. Truck

. Goods held for resale

. Amounts owed to others

. Patent

. Timberland

. Land held as investment

. Goodwill Required:
Indicate whether each item is included as an operating asset on a classified balance sheet.
If not included as an operating asset, indicate the proper balance sheet classification.
Exercise