Chapter 2, Problem 2.1BE

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)

Match each of the following accounts to its proper balance sheet classification.

______ Accounts payable ______ Accounts receivable ______ Accumulated depreciation ______ Buildings ______ Cash ______ Goodwill

______ Income taxes payable

______ Investment in long-term bonds

______ Land

______ Inventory

______ Patent

______ Supplies