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
b. Investments
c. Property, plant, and equipment
h. Retained earnings
d. Intangible assets
i. Not on balance sheet
e. Current liabilities
f. Long-term liabilities
g. Contributed capital
h. Retained earnings
i. Not on balance sheet
Definitions:
Investment
The allocation of resources, usually financial, to generate income or profit over time.
Physical Capital
Tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.
Future Goods
Products or services that are not yet manufactured or provided but are planned for future sale.
Inputs
Resources such as labor, materials, and capital that are used in the production process to create goods or services.
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