Discuss about the long-term investments

Assignment Help Financial Accounting

Reference no: EM131810025

The following are the major balance sheet classifications

Current Assets (CA)

Current Liabilities (CL)

Intangible Assets (IA)

Long-term Investments (LTI)

Property, Plant, and Equipment (PPE)

Long-term Liabilities (LTL)

Stockholder's Equity (SE)

Classify each of the following accounts taken from Raman Company's balance sheet. -

Accounts Payable

Accounts Receivable

Cash

Common stock

Patents

Salaries and Wages Payable

Inventory

Stock Investments (to be sold in 7 months)

Accumulated Depreciation-Equipment

Buildings

Land (in use)

Notes payable (due in 2 years)

Supplies

Equipment

Prepaid Expenses

Reference no: EM131810025

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