For each account listed, identify the category in which it would appear on a classified balance sheet. Account Category a. Office Supplies b. Interest Payable c. Golub, Capital d. Copyrights e. Land f. Accumulated Depreciation - Furniture g. Land (held for long-term investment purposes) h. Unearned Revenue i. Notes Payable (due in six years) Current assets Current liabilities Intangible assets Long-term investments Long-term liabilities Owner's equity Property, Plant, and Equipment

For each account listed, identify the category in which it would appear on a classified balance sheet. Account Category a. Office Supplies b. Interest Payable c. Golub, Capital d. Copyrights e. Land f. Accumulated Depreciation - Furniture g. Land (held for long-term investment purposes) h. Unearned Revenue i. Notes Payable (due in six years) Current assets Current liabilities Intangible assets Long-term investments Long-term liabilities Owner's equity Property, Plant, 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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Assets Current assets Cash and cash equivalents Accounts receivable, net Supplies Other current assets Total current assets Property and equipment Accumulated depreciation Net property and equipment Goodwill Deferred charges Other Total assets Liabilities and equity Current liabilities Accounts payable Accrued liabilities Current maturities of long-term debt Total current liabilities Operating lease liabilities non-current Long-term debt Other non-current liabilities Total liabilities Total liabilities Common stock Cummulative dividends Retained earnings Other Total equity Total liabilities and equities Revenue, net Operating charges Salaries, wages, and benefits Other operating expenses Supplies expense Depreciation and amortization Lease and rental expense Total operating charges Income from operations Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income $61,268 1,560,847 Cost of debt (%) Cost of equity (%) Weighted…