exercise 3-2 (Static) Balance sheet classification [LO3-2, 3-3]

For each of the following balance sheet items, indicate the appropriate classification category from the dropdown list.

Note: If the item is a contra account, select the appropriate classification category with "- contra" from the dropdown list.

Are the balance sheet items an 1)Asset 2)Asset-contra 3)Liability 4)Liability-contra

For each of the following balance sheet items, indicate the appropriate classification category from the dropdown list. Note: If the item is a contra account, select the appropriate classification category with "- contra" from the dropdown list. For each of the following balance sheet items, indicate the appropriate classification category from the dropdown list. Note: If the item is a contra account, select the appropriate classification category with "- contra" from the dropdown list