According to a recent annual report of Celestica Inc the

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According to a recent annual report of Celestica Inc., the company is a “key player in the new
technology- driven global economy.” The company provides a broad range of services,
including “design, prototyping, assembly, testing, product assurance, supply chain
management, worldwide distribution, and after- sales service.” The following are several of the
accounts from a recent statement of financial position:(1) Trade accounts receivable(2) Short-
term borrowings(3) Contributed capital(4) Long- term debt(5) Prepaid expenses and other
assets(6) Intangible assets(7) Property, plant, and equipment(8) Retained earnings(9) Trade
accounts payable(10) Cash and short- term investments(11) Accrued liabilities(12) Other long-
term liabilities(13) Inventories(14) Income taxes payableRequired:Indicate how each account
normally should be categorized on a classified statement of financial position. Use CA for
current asset, NCA for non- current asset, CL for current liability, NCL for non-current liability,
and SE for shareholders’ equity. Also indicate whether the account normally has a debit or a
credit balance.View Solution:
According to a recent annual report of Celestica Inc the

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