The following are the major balance sheet classifications:

Current assets (CA).......... Current liabilities (CL)
Long-term investments (LTI)....... Long-term liabilities (LTL)
Property, plant, and equipment (PPE)... Owner's equity (OE)

Intangible assets (IA)

Match each of the following accounts to its proper balance sheet classification.

_____ Accounts payable _____ Income tax payable

_____ Accounts receivable _____ Investment in long-term bonds

_____ Accumulated depreciation _____ Land

_____ Building _____ Merchandise inventory

_____ Cash _____ Patent

_____ Copyrights _____ Supplies