Classify each of the balance sheet accounts into its most likely balance sheet classification a through k
Balance Sheet Classification
a Current assets. g Longterm liabilities.
b Investments. h Paidin capital.
c Property, plant, and equipment. i Retained earnings.
d Intangible assets. j Accumulated other comprehensive income.
e Other assets. k Noncontrolling interests.
f Current liabilities.
Balance Sheet Item
Preferred stock.
Accrued salaries.
Longterm receivable.
Cash surrender value of life insurance.
Income tax payable.
Current maturities of year bond payable.
Interest payable.
Work in process inventory.
Note payable, due in months.
Copyrights.
Accounts receivabletrade
Accumulated depreciationequipment
Land in use
Dividends payable.
Note receivable due in years
Customer deposits collected in advance.
Goodwill.
Land held for speculation.
Prepaid insurance month prepayment
Accrued utilities expense.
Paidin capital in excess of parcommon stock.
Note payable due in months
