Question: D. Balance Sheet Classifications (10 points) In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If

D. Balance Sheet Classifications (10 points) In the blank space beside each numbered balance sheet item, enter the letter of its balance sheet classification. If the item should not appear on the balance sheet, enter h in the blank. A. Current Assets B. Non-Current Investments C. Property Plant and Equipment D. Intangible Assets E. Current Liabilities F. Non-Current Liabilities G. Equity H. Does not appear on Balance Sheet 1. Unearned Revenue 2. Service Revenue 3. Domingo, Capital 4. Land not currently used in business operation 5. Copyright 6. Notes payable (due in 2 years) 7. Notes receivable (due in 2 months) 8. Long Term Investment in Apple Inc. 9. Prepaid Insurance C. Matching ( 1 point each - 10 points) - Match the statements with the accounting terms. 1. The goods that a company owns and expects to sell to its customers 2. The time period that can pass before a customer's payment is due 3. Journal entries that update account balances. 4. Long lived assets that lack physical form and are used to produce or sell products or services. 5. Journal entries that transfer revenue and expense accounts to Income Summary. 6. Incentive given to buyer for early payment of account 7. Period of time in which a cash discount is available 8. Another term for nominal account 9. An intermediary that buys products from manufacturers and sells them to consumers 10. Incentive given to buyer for large or bulk sales
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