The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE) Owner’s equity (OE) Intangible assets (IA)

Match each of the following accounts to its proper balance sheet classification.

_____ Accounts payable                                             _____ Income taxes payable

_____ Accounts receivable                                         _____ Debt investment (long-term)

_____ Accumulated depreciation—buildings            _____ Land

_____ Buildings                                                          _____ Inventory

_____ Cash                                                                 _____ Patents

_____ Copyrights                                                       _____ Supplies