Classify each of the following financial statement items based upon the major balance sheet classifications.
 Current assetsStockholders' equityLong-term liabilitiesIntangible assetsCurrent liabilitiesLong-term investmentsProperty, plant, and equipment |
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Prepaid advertising |
| Stockholders' equityLong-term liabilitiesIntangible assetsCurrent assetsCurrent liabilitiesLong-term investmentsProperty, plant, and equipment |
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Equipment |
| Stockholders' equityCurrent liabilitiesIntangible assetsCurrent assetsLong-term investmentsLong-term liabilitiesProperty, plant, and equipment |
|
Trademarks |
| Current assetsIntangible assetsLong-term investmentsLong-term liabilitiesCurrent liabilitiesProperty, plant, and equipmentStockholders' equity |
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Salaries and wages payable |
| Stockholders' equityLong-term liabilitiesProperty, plant, and equipmentIntangible assetsCurrent assetsCurrent liabilitiesLong-term investments |
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Income taxes payable |
| Current liabilitiesLong-term investmentsIntangible assetsLong-term liabilitiesCurrent assetsProperty, plant, and equipmentStockholders' equity |
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Retained earnings |
| Stockholders' equityLong-term liabilitiesCurrent assetsProperty, plant, and equipmentIntangible assetsCurrent liabilitiesLong-term investments |
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Accounts receivable |
| Property, plant, and equipmentCurrent liabilitiesLong-term liabilitiesCurrent assetsStockholders' equityLong-term investmentsIntangible assets |
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Land (held for future use) |
| Intangible assetsLong-term investmentsCurrent liabilitiesCurrent assetsLong-term liabilitiesProperty, plant, and equipmentStockholders' equity |
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Patents |
| Stockholders' equityIntangible assetsCurrent assetsCurrent liabilitiesLong-term investmentsLong-term liabilitiesProperty, plant, and equipment |
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Bonds payable |
| Property, plant, and equipmentLong-term investmentsCurrent assetsLong-term liabilitiesIntangible assetsStockholders' equityCurrent liabilities |
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Common stock |
| Intangible assetsStockholders' equityCurrent liabilitiesLong-term liabilitiesCurrent assetsLong-term investmentsProperty, plant, and equipment |
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Accumulated depreciation-equipment |
| Stockholders' equityLong-term liabilitiesProperty, plant, and equipmentIntangible assetsLong-term investmentsCurrent assetsCurrent liabilities |
|
Unearned sales revenue |
| Long-term liabilitiesStockholders' equityCurrent assetsProperty, plant, and equipmentIntangible assetsCurrent liabilitiesLong-term investments |
|
Inventory |