Learning Objecti E4-16 Classifying balance sheet accounts For each account listed, identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets, Long-term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-term Liabilities, and Owner's Equity. If the item does not belong on the classified balance sheet, put an X. Chapter 1: 1) Explain why accounting is important and list the users of accounting information haceribe the ornanisatione and rules that anvern accounting Learning Objecti E4-16 Classifying balance sheet accounts For each account listed, identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets, Long-term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-term Liabilities, and Owner's Equity. If the item does not belong on the classified balance sheet, put an X. Chapter 1: 1) Explain why accounting is important and list the users of accounting information haceribe the ornanisatione and rules that anvern accounting