Question: Classifying Balance Sheet Accounts Classify the following amounts as (a) current assets, (b) investments, (c) property, plant, and equipment, (d) other assets, (e) current liabilities,

Classifying Balance Sheet Accounts

Classify the following amounts as (a) current assets, (b) investments, (c) property, plant, and equipment, (d) other assets, (e) current liabilities, (f) long-term liabilities, (g) paid-in capital, or (h)retained earnings.

1. investment in common stock of subsidiary

2. deferred tax liability, net

3. no-par common stock

4. accumulated depreciation

5. investment in U.S. Treasury bills

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