Classify each of the 15 items as:a. Current assetb. Property, plant & equipmentc. Intangible assetsd. Current liabilitye. Long-term liabilityf. Stockholders’ equityg. Revenueh. Operating expensei. Other expensej. None of the above A letter may be used more than once.1. Accumulated depreciation: ___2. Cost of goods sold: ___3. Machinery used in the factory: ____4. Income taxes payable: ____5. Sales: ____6. Accounts receivable: ____7. Retained earnings: ____8. Interest expense: ____9. Dividends paid: ____10. Bonds payable (due in three years): ____11. Copyright: ____12. Account Payable: ____13. Inventory: ____14. Cash: ___15. Patent: ____
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