The following are common categories on a classified balance sheet. a) current assets b) long-term investments c) plant assets d) intangible assets e) current liabilities f) long-termliabilities for each of the following items, select the letter that identifies the balance sheet category where the item typically would best appear. land not currently used in operations notes payable (due in five years) accounts receivable trademarks accounts payable store equipment wages payable cash

Land not currently used in operations - Long-term investments

Notes payable (due in five years) - Long-term liabilities

Accounts receivable - Current assets

Trademarks - Intangible assets

Accounts payable - Current liabilities

Store equipment - Plant assets

Wages payable - Current Liabilities

Cash - Current assets

b, fewer problems later! good luck

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o