Please help with the following matching problem. Classify the accounts listed below by matching the account name with one of the following financial statement sections in which the account would be reported: a. Current Assets b. Fixed Assets c. Intangible Assets d. Current Liability e. Long-Term Liability f. Owners’ Equity g. Revenues h. Operating Expenses i. Other Income/Expense ____ 1.   Buildings ____ 2.   Accumulated Depreciation - Buildings ____ 3.   Depreciation Expense ____ 4.   Trademarks ____ 5.   Amortization Expense ____ 6.   Repairs Expense ____ 7. Land Improvements ____ 8.   Gain on sale of equipment ____ 9.   Loss on disposal of asset ____ 10.   Loss from Impaired Goodwill Solution 1.   Buildings b) Fixed Assets 2.   Accumulated Depreciation - Buildings b) Fixed Assets 3.   Depreciation Expense h) operating expenses 4.   Trademarks c) Intangible assets 5.   Amortization Expense i) Other income / expenses 6.   Repairs Expense h) operating expenses 7. Land Improvements b) Fixed Assets 8.   Gain on sale of equipment i) Other income / expenses 9.   Loss on disposal of asset i) Other income / expenses 10.   Loss from Impaired Goodwill i) Other income / expenses .

1. Please help with the following matching problem.
Classify the accounts listed below by matching the account name with one of the following
financial statement sections in which the account would be reported:
a.
Current Assets
b.
Fixed Assets
c.
Intangible Assets
d.
Current Liability
e.
Long-Term Liability
f.
Owners’ Equity
g.
Revenues
h.
Operating Expenses
i.
Other Income/Expense
____ 1.  Buildings
____ 2.  Accumulated Depreciation - Buildings
____ 3.  Depreciation Expense

2. ____ 4.  Trademarks
____ 5.  Amortization Expense
____ 6.  Repairs Expense
____ 7. Land Improvements
____ 8.  Gain on sale of equipment
____ 9.  Loss on disposal of asset
____ 10.  Loss from Impaired Goodwill
a. Current Assets
b. Fixed Assets
c. Intangible Assets
d. Current Liability
e. Long-Term Liability
f. Owners’ Equity
g. Revenues
h. Operating Expenses
i. Other Income/Expense
Solution
1.  Buildings b) Fixed Assets 2.  Accumulated Depreciation - Buildings b) Fixed Assets
3.  Depreciation Expense h) operating expenses 4.  Trademarks c) Intangible assets
5.  Amortization Expense i) Other income / expenses 6.  Repairs Expense h) operating
expenses 7. Land Improvements b) Fixed Assets 8.  Gain on sale of equipment i) Other
income / expenses 9.  Loss on disposal of asset i) Other income / expenses 10.  Loss
from Impaired Goodwill i) Other income / expenses