Current Attempt in Progress

The following are the major statement of financial position classifications:

1.		Current assets
2.		Long-term investments
3.		Property, plant, and equipment
4.		Intangible assets
5.		Current liabilities
6.		Non-current liabilities
7.		Share capital
8.		Retained earnings

Classify each of the following selected accounts by its appropriate classification above:

a.	select a classification Current liabilitiesCurrent assetsRetained earningsShare capitalNon-current liabilitiesIntangible assetsLong-term investmentsProperty, plant, and equipment	Accounts payable
b.	select a classification Current liabilitiesProperty, plant, and equipmentRetained EarningsLong-term investmentsNon-current liabilitiesIntangible assetsShare capitalCurrent assets	Accounts receivable
c.	select a classification Property, plant, and equipmentRetained EarningsCurrent liabilitiesLong-term investmentsIntangible assetsShare capitalNon-current liabilitiesCurrent assets	Accumulated depreciation
d.	select a classification Long-term investmentsRetained earningsShare capitalCurrent liabilitiesProperty, plant, and equipmentCurrent assetsNon-current liabilitiesIntangible assets	Buildings
e.	select a classification Current liabilitiesRetained earningsCurrent assetsShare capitalIntangible assetsProperty, plant, and equipmentNon-current liabilitiesLong-term investments	Cash
f.	select a classification Non-current liabilitiesRetained earningsShare capitalIntangible assetsCurrent assetsLong-term investmentsProperty, plant, and equipmentCurrent liabilities	Common shares
g.	select a classification Long-term investmentsRetained earningsShare capitalIntangible assetsCurrent assetsNon-current liabilitiesProperty, plant, and equipmentCurrent liabilities	Current portion of mortgage payable
h.	select a classification Long-term investmentsCurrent liabilitiesIntangible assetsRetained earningsProperty, plant, and equipmentNon-current liabilitiesCurrent assetsShare capital	Deferred revenue
i.	select a classification Long-term investmentsCurrent assetsProperty, plant, and equipmentCurrent liabilitiesShare capitalNon-current liabilitiesRetained earningsIntangible assets	Dividends declared
j.	select a classification Share capitalLong-term investmentsRetained earningsNon-current liabilitiesProperty, plant, and equipmentCurrent assetsIntangible assetsCurrent liabilities	Income tax payable
k.	select a classification Share capitalRetained earningsProperty, plant, and equipmentCurrent assetsIntangible assetsNon-current liabilitiesLong-term investmentsCurrent liabilities	Inventory
l.	select a classification Current assetsIntangible assetsShare capitalNon-current liabilitiesRetained earningsCurrent liabilitiesLong-term investmentsProperty, plant, and equipment	Land
m.	select a classification Retained earningsNon-current liabilitiesProperty, plant, and equipmentCurrent liabilitiesLong-term investmentsCurrent assetsShare capitalIntangible assets	Long-term investments
n.	select a classification Intangible assetsProperty, plant, and equipmentCurrent liabilitiesCurrent assetsShare capitalRetained earningsNon-current liabilitiesLong-term investments	Mortgage payable, due in 20 years
o.	select a classification Long-term investmentsShare capitalCurrent assetsProperty, plant, and equipmentNon-current liabilitiesIntangible assetsRetained earningsCurrent liabilities	Patents
p.	select a classification Intangible assetsNon-current liabilitiesCurrent assetsCurrent liabilitiesShare capitalProperty, plant, and equipmentRetained earningsLong-term investments	Prepaid insurance
q.	select a classification Non-current liabilitiesCurrent liabilitiesLong-term investmentsIntangible assetsShare capitalRetained earningsProperty, plant, and equipmentCurrent assets	Supplies

eTextbook and Media

Save for Later

Attempts: 0 of 3 used

Submit Answer