ASSETS LIABILITIES AND CAPITAL a. Current assets b. Investments c. Plant and equipment d. Intangibles e. Other assets f. Current liabilities g. Long-term liabilities h. Preferred stock i. Common stock j. Additional paid-in capital k. Retained earnings l. Items excluded from balance sheet Using the letters above, classify the following accounts according to the preferred and ordinary balance sheet presentation. _____ 1. Bond sinking fund _____ 2. Common stock distributable _____ 3. Appropriation for plant expansion _____ 4. Bank overdraft _____ 5. Bonds payable (due 2010) _____ 6. Premium on common stock _____ 7. Securities owned by another company which are collateral for that company's note _____ 8. Trading securities _____ 9. Inventory _____ 10. Unamortized discount on bonds payable _____ 11. Patents _____ 12. Unearned revenue
ASSETS LIABILITIES AND CAPITAL
a. Current assets b. Investments c. Plant and equipment d. Intangibles
e. Other assets f. Current liabilities g. Long-term liabilities
h.
k.
l. Items excluded from
Using the letters above, classify the following accounts according to the preferred and ordinary
balance sheet presentation.
_____ 1. Bond sinking fund
_____ 2. Common stock distributable
_____ 3. Appropriation for plant expansion
_____ 4. Bank overdraft
_____ 5. Bonds payable (due 2010)
_____ 6. Premium on common stock
_____ 7. Securities owned by another company which are collateral for that company's note
_____ 8. Trading securities
_____ 9. Inventory
_____ 10. Unamortized discount on bonds payable
_____ 11. Patents
_____ 12. Unearned revenue
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
