Presented below are the captions of Faulk Company’s balancesheet. Indicate where each of the following items would beclassified.

		Balance Sheet Accounts		Balance Sheet Classification
1.		Preferred stock.		select a classification                                                      Retained EarningsOther AssetsNonCurrentLiabilitiesAdditional Paid-in CapitalProperty, Plant, andEquipmentInvestmentsCurrent AssetsCurrent LiabilitiesIntangibleAssetsCapital Stock
2.		Goodwill.		select a classification                                                      Current AssetsRetained EarningsCapitalStockInvestmentsOther AssetsCurrent LiabilitiesIntangibleAssetsNonCurrent LiabilitiesProperty, Plant, andEquipmentAdditional Paid-in Capital
3.		Salaries and wages payable		select a classification                                                      Property, Plant, and EquipmentIntangibleAssetsRetained EarningsCapital StockInvestmentsOther AssetsCurrentAssetsCurrent LiabilitiesAdditional Paid-in CapitalNonCurrentLiabilities
4.		Accounts payable.		select a classification                                                      NonCurrent LiabilitiesRetainedEarningsCapital StockCurrent AssetsCurrentLiabilitiesInvestmentsIntangible AssetsOther AssetsAdditionalPaid-in CapitalProperty, Plant, and Equipment
5.		Buildings.		select a classification                                                      Intangible AssetsOther AssetsCapitalStockProperty, Plant, and EquipmentInvestmentsAdditional Paid-inCapitalRetained EarningsNonCurrent LiabilitiesCurrent AssetsCurrentLiabilities
6.		Equity investments (to be sold within one year).		select a classification                                                      Other AssetsIntangible AssetsNonCurrentLiabilitiesCurrent LiabilitiesCurrent AssetsAdditional Paid-inCapitalProperty, Plant, and EquipmentInvestmentsRetainedEarningsCapital Stock
7.		Current maturity of long-term debt.		select a classification                                                      Current LiabilitiesNonCurrentLiabilitiesOther AssetsRetained EarningsCurrentAssetsInvestmentsCapital StockAdditional Paid-in CapitalIntangibleAssetsProperty, Plant, and Equipment
8.		Premium on bonds payable.		select a classification                                                      Retained EarningsIntangibleAssetsProperty, Plant, and EquipmentNonCurrent LiabilitiesCapitalStockInvestmentsOther AssetsCurrent LiabilitiesCurrentAssetsAdditional Paid-in Capital
9.		Allowance for doubtful accounts.		select a classification                                                      Retained EarningsNonCurrentLiabilitiesIntangible AssetsCapital StockAdditional Paid-inCapitalCurrent AssetsOther AssetsCurrent LiabilitiesProperty,Plant, and EquipmentInvestments
10.		Accounts receivable.		select a classification                                                      Other AssetsCurrentAssetsInvestmentsCurrent LiabilitiesAdditional Paid-inCapitalRetained EarningsCapital StockIntangible AssetsNonCurrentLiabilitiesProperty, Plant, and Equipment
11.		Cash surrender value of life insurance.		select a classification                                                      NonCurrent LiabilitiesIntangibleAssetsCurrent LiabilitiesOther AssetsInvestmentsCurrentAssetsProperty, Plant, and EquipmentRetained EarningsAdditionalPaid-in CapitalCapital Stock
12.		Notes payable (due next year).		select a classification                                                      NonCurrent LiabilitiesInvestmentsOtherAssetsProperty, Plant, and EquipmentAdditional Paid-inCapitalCurrent AssetsRetained EarningsIntangible AssetsCurrentLiabilitiesCapital Stock
13.		Supplies.		select a classification                                                      Other AssetsAdditional Paid-inCapitalCurrent AssetsNonCurrent LiabilitiesProperty, Plant, andEquipmentCurrent LiabilitiesCapital StockRetainedEarningsInvestmentsIntangible Assets
14.		Common stock.		select a classification                                                      InvestmentsCurrent AssetsOtherAssetsAdditional Paid-in CapitalProperty, Plant, andEquipmentRetained EarningsCapital StockCurrentLiabilitiesIntangible AssetsNonCurrent Liabilities
15.		Land.		select a classification                                                      Intangible AssetsNonCurrentLiabilitiesRetained EarningsOther AssetsProperty, Plant, andEquipmentCapital StockInvestmentsCurrent LiabilitiesCurrentAssetsAdditional Paid-in Capital
16.		Bond sinking fund.		select a classification                                                      Current LiabilitiesNonCurrentLiabilitiesInvestmentsAdditional Paid-in CapitalRetainedEarningsProperty, Plant, and EquipmentCapital StockOtherAssetsCurrent AssetsIntangible Assets
17.		Inventory.		select a classification                                                      Current AssetsIntangible AssetsProperty,Plant, and EquipmentCurrent LiabilitiesCapital StockRetainedEarningsNonCurrent LiabilitiesOther AssetsInvestmentsAdditionalPaid-in Capital
18.		Prepaid insurance.		select a classification                                                      Other AssetsCapital StockNonCurrentLiabilitiesProperty, Plant, and EquipmentCurrentLiabilitiesIntangible AssetsAdditional Paid-inCapitalInvestmentsRetained EarningsCurrent Assets
19.		Bonds payable.		select a classification                                                      Current LiabilitiesInvestmentsProperty,Plant, and EquipmentCurrent AssetsCapital StockOtherAssetsNonCurrent LiabilitiesRetained EarningsIntangibleAssetsAdditional Paid-in Capital
20.		Income taxes payable.		select a classification                                                      Property, Plant, and EquipmentCurrentAssetsOther AssetsInvestmentsRetained EarningsAdditional Paid-inCapitalCurrent LiabilitiesCapital StockNonCurrentLiabilitiesIntangible Assets

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