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