40) Classify each of the items below according to the section of a firm’s financial statements in which it would be reported. Some sections may be used more than once and others may not be used at...

40) Classify each of the items below according to the section of a firm’s financial statements in which it would be reported. Some sections may be used more than once and others may not be used at all.

A = current assetC = current liabilityE = revenue

B = long-term assetD = long-term liabilityF = expense

_____ 1. Amortization expense

_____ 2. Land

_____ 3. Copyrights

_____ 4. Furniture and fixtures

_____ 5. Computer supplies

_____ 6. Depreciation expense

_____ 7. Accumulated depreciation