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The following are the major balance sheet

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Reference no: EM13572342

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.

____ Accounts payable

____ Income taxes payable

____ Accounts receivable

____ Inventory

____ Accumulated depreciation-

____ Investments

equipment

____ Land

____ Buildings

____ Mortgage payable

____ Cash

____ Supplies

____ Interest payable

____ Equipment

____ Goodwill

____ Prepaid rent

Reference no: EM13572342

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