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2. The various classifications listed below have been used in the past by Lowe Company on its sheet. a. e. b. Current Assets Investments Plant & Equipment Intangible Assets Current Liabilities Long-term Liabilities Stockholders' Equity Instructions Indicate by letter how each of the items below should be classified at December 31, 2020 reported on the December 31, 2020 balance sheet, use the letter "X" for your answer. If the item account within the particular classification nlace a parenthesis around the teret: more than once or not at all. If an item is not a contra account, do not use a paren as incorrect. Sample question and answer: hesis around the letter. A letter may be used contra account, do not use a parenthesis or it will be graded Accounts Receivable (This is a current asset account.) () Allowance for doubtful accounts (This is a current asset classified as a contra asset account Test questions: B 1. Bond sinking fund. 2. Goodwill. 3. Bonds Payable (due in 10 years) 4. Accumulated depreciation. 5. Common Stock 6. Treasury stock 7. Commercial paper-120 day maturity. 1110 1111 lated Other Comprehensive Income (credit balance). 8. Patents. 9. Land held for sale. 10. Accumulated Other Compreh 11. Other Comprehensive Income. 12. Restructuring costs

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