the following are the major balance sheet classifications 581563

The following are the major balance sheet classifications.

Current assets (CA)

Long term investments (LTI)

Property, plant, and equipment (PPE)

Intangible assets (IA)

Current liabilities (CL)

Long term liabilities (LTL)

Stockholders’ equity (SE)

Instructions

Classify each of the following accounts taken from Roberts Company’s balance sheet.

______ Accounts payable

______ Accounts receivable

______ Accumulated depreciation

______ Buildings

______ Cash

______ Common stock

______ Patents

______ Salaries payable

______ Inventories

______ Investments

______ Land

______ Long term debt

______ Supplies

______ Office equipment

______ Prepaid expenses