Classify each of the following as pertaining to the income statement or the balance sheet. If it is a balance sheetaccount, choose the proper category. A balance sheet and income statement example are provided for you.

Current Asset (CA)
Investments (I)
Property, Plant and Equipment (PP&E)
Intangible Assets (IA)
Current Liabilities (CL)
Long-Term Liabilities (LL)
Stockholders’ Equity (SE)

Transcribed Image Text:

Accounts Accounts Payable Accounts Receivable Accumulated Depreciation Allowance for Doubtful Accounts Bad Debts Expense/Credit Losses Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Depreciation Expense Equipment Gain on Sale of Building Goodwill Interest Payable Inventory Investments Income Statement X Balance Balance Sheet Sheet X Category CL