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) Owner equity (OE) Intangible assets (IA)
Match each of the following accounts to its proper balance sheet classification. _____ Accounts payable _____ Income taxes payable _____ Accounts receivable _____ Debt investment (long-term) _____ Accumulated depreciation buildings _____ Land _____ Buildings _____ Inventory _____ Cash _____ Patents _____ Copyrights _____ Supplies
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May 2021
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