Solution-The following are the major balance sheet

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)	Stockholders" equity (SE)
Intangible assets (IA)

Instructions

Classify each of the following financial statement items taken from Inshore Corporation"s balance sheet.

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