The given question is incomplete as it does not has a list of particulars which are to be categorized.
Following is given the complete question.
Classifying balance sheet accounts
For each account listed identify the category that it would appear on a classified balance sheet. Use the following categories: Current Assets, Long-term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-term Liabilities and Stockholders’ Equity. If the item does not belong on the classified balance sheet, put an X.
Land (used in operations)
Accumulated depreciation—equipment
Common stock
Service revenue
Investment in Starbucks Corporation (to be held in long-term)
Accounts receivable
Equipment
Buildings
Note payable (due in 10 years.)
Unearned revenue
Cash
Accounts payable
Prepaid rent
Dividends
Land (held for investment purposes)
Depreciation
Answer:
Following is attached the solution for the given question. I hope it will help you a lot!
