The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent accounts. In the blank next to each account, write the letter indicating to which category it belongs. a. Current assets e. Current liabilities b. Investments f. Long-term liabilities c. Plant and equipment g. Stockholders' equity d. Intangible assets h. Not on balance sheet _____
1. Accumulated Depreciation _____ 7. Trademark _____ 2. Revenues Received in Advance _____ 8. Notes Payable (in five years) _____ 3. Interest Expense _____ 9. Depreciation Expense _____ 4. Wages Payable _____ 10. Prepaid Interest _____ 5. Common Stock _____ 11. Land Held for Future Use _____ 6. Inventory
Fill in the blank(s) with correct word
1. c 7. d
2. e 8. f
3. h 9. h
4. e 10. a
5. g 11. b
6. a
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