A list of accounts follows: Accounts Receivable Land Salaries and Wages Payable Land Held for Future Plant Site Accumulated Depreciation-Buildings Loss on Impairment Accumulated Depreciation-Equipment Notes Payable (due in six months) Accumulated Other Comprehensive Income Intangible Assets-Patents (net of accumulated amortization) Advances to Employees Advertising Expense Petty Cash Allowance for Expected Credit Losses Preferred Shares FV-OCI Investments Equipment Income Tax Payable Gain on Disposal of Equipment FV-NI Investments Interest Receivable Pension Obligation (non-current) Bonds Payable (due in four years) Prepaid Rent Buildings Dividends Cash Cost of Goods Sold Restricted Cash Notes Receivable (due in five years) Commission Expense Retained Earnings Common Shares Sales Revenue Intangible Assets-Copyrights (net of accumulated amortization) Dividends Payable Selling Expenses Inventory Unearned Revenue Unrealized Gain or Loss-OCI Prepare a classified statement of financial position in good form, without specific amounts. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.)

A list of accounts follows: Accounts Receivable Land Salaries and Wages Payable Land Held for Future Plant Site Accumulated Depreciation-Buildings Loss on Impairment Accumulated Depreciation-Equipment Notes Payable (due in six months) Accumulated Other Comprehensive Income Intangible Assets-Patents (net of accumulated amortization) Advances to Employees Advertising Expense Petty Cash Allowance for Expected Credit Losses Preferred Shares FV-OCI Investments Equipment Income Tax Payable Gain on Disposal of Equipment FV-NI Investments Interest Receivable Pension Obligation (non-current) Bonds Payable (due in four years) Prepaid Rent Buildings Dividends Cash Cost of Goods Sold Restricted Cash Notes Receivable (due in five years) Commission Expense Retained Earnings Common Shares Sales Revenue Intangible Assets-Copyrights (net of accumulated amortization) Dividends Payable Selling Expenses Inventory Unearned Revenue Unrealized Gain or Loss-OCI Prepare a classified statement of financial position in good form, without specific amounts. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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review the picture below and correct any lines that involve formulas and add any lines that arent highlighted that need formulas by adding forumlas where they are needed
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