Prepare a classied balanced sheet in good form    1. Common Stock  2. Discountedd on Bonds Payable  3. Treasury Stock (at cost) 4. Notes Payable (short-term) 5. Raw Materials  6. Prefered Stock Investments (long-term) 7. Unearned Rent Revenue  8. Work in Process.  9. Copyrights   10. Buildings 11. Notes Recievable (short-term). 12. Cash. 13. Salaries and Wages Payable. 14. Accummlated Depreciation--Buildings 15. Restricted Cash for Plant Expansion  16. Land Held for Future Plant Site  17. Allowance for Doubtful Accounts  18. Retained Earnings  19. Paid-in capitial in Excess of Par -Common Stock  20. Unearned Subscriptions Revenue  21. Receivables--Officers (due in one year) 22. Inventory (finished goods) 23. Accounts Receivable  24. Bonds Payable (due in 4 years) 25. Noncontrolling Interest

Q: Which of the following groups of accounts increase with a credit? Oa. assets, common stock, revenues…

A: Liabilities, common stock and revenues will be increased with a credit.

Q: Stockholders' equity a.is usually equal to cash on hand b.includes retained earnings and paid-in…

A: Stockholders equity are the section of shareholders that includes  paid in capital, additional paid…

Q: The percentage of credit sales approach is closely related to the: a.statement of retained…

A: The percentage of credit sales approach is used to estimate the expected bad debt expenses in the…

Q: Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate…

A: Normal balance: Normal balance refers to the excess of amount on one side, over the amount on the…

Q: Interest payments to creditors are reported in a statement of cash flows as Select one: a. An…

A: Option a is correct.  Interest bears the nature of its principle hence thr interest payment on trade…

Q: Concept Description 1. Cash-basis accounting. 2. Fiscal year. 3. Revenue recognition principle.…

A: A fiscal year need not be necessarily starting from January 1 and end on December 31.

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.