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Liz Ross Corporation prepares a classified balance sheet that includes the following traditional sections:
Current Assets
Long-term Investments
Property, Plant & Equipment
Intangibles
Other Assets
Current Liabilities
Long-term Liabilities
Stockholders' Equity
In which section of the classified balance sheet would the following accounts appear? Some of the accounts may not appear in the balance sheet.
Note Payable (due in 3 months)
Accumulated Depreciation
Investment in Government Bonds
Accounts Receivable
Accounts Payable
Long-term Receivable From Employee
Dividends
Capital Stock
Patent
Supplies
Retained Earnings (ending)
Rent Expense
Unearned Revenues
Income Summary
Equipment
Revenues
Prepaid Rent
Interest Payable
Retained Earnings (beginning)
Loan Payable (due in 5 years)
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