Identify the Balance Sheet Classification of Each of the Following

question 140

Essay

Identify the balance sheet classification of each of the following assets by placing an X in the correct classification: Plant Assets, Natural Resources, or Intangibles.
$$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { Flant } \\\text { assets }\end{array} & \begin{array} { l } \text { Natural } \\\text { Resources }\end{array} & \begin{array} { l } \text { Intangible } \\\text { Assets }\end{array} \\\hline \text { a. Trademark } & & & \\\hline \text { b. Oil Field } & & & \\\hline \text { c. Gold mine } & & & \\\hline \text { d. Buil ding } & & & \\\hline \text { e. Franchise } & & & \\\hline \text { f.Timberland } & & & \\\hline \text { g. Patent } & & & \\\hline \text { h. Land } & & & \\\hline \text { i. Copyright } & & & \\\hline \text { j. Leasehold } & & & \\\hline\end{array}$$

---

Definitions:

Major Tasks

The principal or most significant duties or work to be accomplished to achieve an objective.

Sales Plan

A strategic document that outlines the goals, strategies, target markets, and tactics for achieving sales objectives within a specific time frame.

Sales Management Process

The systematic approach involving planning, executing, and controlling a company's sales activities and strategies.

Interrelated Functions

Various functions within a system or an organization that are connected and affect each other, indicating that changes in one function can directly impact others.