The following are the typical classifications used in a balance sheet: Current assets Investments and funds Property, plant, and equipment Intangible assets Other assets Current liabilities Long-term liabilities Paid-in-capital Retained earnings Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus sign before the chosen letter. Equipment Accounts payable Allowance for uncollectible accounts Land, held for investment Note payable, due in 5 years Deferred rent revenue for the next 12 months Note payable, due in 6 months Income less dividends, accumulated Investment in XYZ Corp., long-term Inventories Patent Land, in use Accrued liabilities Prepaid rent for the next 9 months Common stock Building, in use Cash Taxes payable

Each container is cut from the mould once the plastic has cooled and hardened. unit-level 2 patents are obtained for each new type of container mould. facility-level 3. plastic resins are used as the main direct material for the containers. product-level 4. a plant manager oversees the entire manufacturing operation. facility-level 5. the sales force incurs travel expenses to attend various trade shows throughout the country to market the containers. product-level 6. each container product line has a product line manager. product-level 7 the extrusion machine is calibrated for each batch of containers made. facility-level 8. each type of container has its own unique moulds. unit-level 9. routine maintenance is performed on the extrusion machines. facility-level 10. rent is paid for the building that houses the manufacturing processes. classify each activity as either unit-level, batch-level, product-level, or facility-level.