The following are categories on a classified balance sheet a Current assets b Long term investments c Property, plant and equipment d Intangible assets e Current liabilities f Long term liabilities For each of the following items, select the letter that identifies the balance sheet category in whic...

1 c Property plant and equipment 2 e ...

The following are categories on a classified balance sheet: a. Current assets b. Long-term investments c. Property,

Question:

The following are categories on a classified Current assets
b. Long-term investments
c. Property, plant and equipment
d.
e. Current liabilities
f. Long-term liabilities
For each of the following items, select the letter that identifies the category in which the item should appear.
______ 1. Store equipment
______ 2. Wages payable
______ 3. Cash
______ 4. Notes payable (due in three years)
______ 5. Land not currently used in business operations
______ 6. 7. Trademarks
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...