1. Typical balance sheet classifications are as follows.

a. Current Assets g. Long-Term Liabilities

b. Investments h. Capital Stock

c. Plant Assets i. Additional Paid-In Capital

d. Intangible Assets j. Retained Earnings

e. Other Assets l. Not Reported on Balance Sheet

f. Current Liabilities

Using the letters above, classify the following accounts according to the balance sheet presentation.

____ 1. Retained Earning

____ 2. Account Payable

____ 3. Supplies

____ 4. Building

2. For each event listed below, write the appropriate category listed below and describes the effect of the event on a statement of cash flows: (.5pt)

a. operating activities.

b. investing activities.

c. financing activities.

d. Noncash investing and Financing activities

Effect on statements of cash flows: Inflows/outflows	Type of activity	Event
		Purchase of land
		Repayment of debt
		Collection of accounts receivable
		Sales Revenue