Complete the Following Table Concerning the Classification of Items in the Statement

question 13

Short Answer

Complete the following table concerning the classification of items in the statement of financial position.
ACCOUNT ELEMENTS CLASSIFICATION
(Asset, Liability, Equity)(Current, Non-current)
$\begin{array}{|l|l|l|l|}\hline\text { e.g } & \text { Cash on hand } & \text { Asset } & \text { Current } \\\hline \text { e.g } & \text { Land and buildings } & \text { Asset } & \text { Non-current } \\\hline 1 & \text { Inventory } & & \\\hline 2 & \text { Accounts receivable } & & \\\hline 3 & \text { Bank overdraft } & & \\\hline 4 & \text { Prepaid insurance } & & \\\hline 5 & \text { Share capital } & & \\\hline 6 & \text { Retained profits } & & \\\hline 7 & \text { Accounts payable } & & \\\hline 8 & \text { Goodwill } & & \\\hline 9 & \text { Plant and equipment } & & \\\hline 10 & \text { Franchise } & & \\\hline 11 & \text { Loan from Eagle Finance (5 years) } & &\\\hline\end{array}$

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Definitions:

Industry

Refers to a group of companies that are related based on their primary business activities.

Systematic Risk

The risk inherent to the entire market or market segment, which cannot be eliminated through diversification.

Rate of GDP Growth

The annual percentage increase in a country's gross domestic product, indicating the pace at which its economy is expanding or contracting.

Unsystematic Risk

The risk associated with a specific issuer of a security, such as a company's financial condition or management decisions, distinct from market risk.