for each account listed, identify the category in which it would appear on a classified balance sheet. use…

for each account listed, identify the category in which it would appear on a classified balance sheet. use the following categories: current assets, long - term investments, property, plant, and equipment, intangible assets, current liabilities, long - term liabilities, and stockholders equity.\naccount\tcategory\nsupplies\ninterest payable\nretained earnings\ncopyrights\nland\naccumulated depreciation - furniture\nland (held for long - term investment purposes)\nunearned revenue\nnotes payable (due in six years)\ncurrent assets\ncurrent liabilities\nintangible assets\nlong - term investments\nlong - term liabilities\nproperty, plant, and equipment\nstockholders equity

for each account listed, identify the category in which it would appear on a classified balance sheet. use the following categories: current assets, long - term investments, property, plant, and equipment, intangible assets, current liabilities, long - term liabilities, and stockholders equity.\naccount\tcategory\nsupplies\ninterest payable\nretained earnings\ncopyrights\nland\naccumulated depreciation - furniture\nland (held for long - term investment purposes)\nunearned revenue\nnotes payable (due in six years)\ncurrent assets\ncurrent liabilities\nintangible assets\nlong - term investments\nlong - term liabilities\nproperty, plant, and equipment\nstockholders equity

Answer

Brief Explanations:

Supplies are assets expected to be used up within a year, so current assets. Interest Payable is a short - term obligation, thus current liabilities. Retained Earnings is part of what belongs to shareholders, so stockholders' equity. Copyrights have no physical substance, making them intangible assets. Land is a long - term tangible asset, falling under property, plant, and equipment. Accumulated Depreciation is a contra - asset related to property, plant, and equipment. Land held for long - term investment is a long - term investment. Unearned Revenue is a liability as the company owes goods or services, and since it's not long - term it's a current liability. Notes Payable due in six years is a long - term obligation, so long - term liabilities.

Answer:

Supplies: Current assets Interest Payable: Current liabilities Retained Earnings: Stockholders' equity Copyrights: Intangible assets Land: Property, plant, and equipment Accumulated Depreciation - Furniture: Property, plant, and equipment Land (held for long - term investment purposes): Long - term investments Unearned Revenue: Current liabilities Notes Payable (due in six years): Long - term liabilities