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Classify each of the following financial statement items based upon the major balance sheet classifications.

a. Prepaid advertising
b. Equipment
c. Trademarks
d. Salaries and wages payable
e. Income taxes payable
f. Retained earnings
g. Accounts receivable
h. Land (held for future use)
i. Patents
j. Bonds payable
k. Common stock
l. Accumulated depreciation—equipment
m. Unearned sales revenue
n. Inventory


1. Long-term Investments
2. Stockholders' Equity
3. Current Labilities
4. Current Assets
5. Long -term Labilities
6. Intangible Assets
7. Property, Plant. and Equipment

Respuesta :

Answer and Explanation:

The classification is as follows

a. Current assets

b. Property, Plant. and Equipment

c.  Intangible Assets

d.  Current Liabilities

e.  Current Liabilities

f. Stockholders' Equity

g. Current Assets

h.  Long-term Investments

i.  Intangible Assets

j. long term Liabilities

k.  Stockholders' Equity

l.  Property, Plant. and Equipment

m. Current Liabilities

n. Current Assets

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