Indicate in which section of the balance sheet each of the

Assignment Help Accounting Basics
Reference no: EM13482197

The balance sheet contains the major sections (a-k) listed below. A listing of balance sheet accounts follows.

a.

Current assets

g.

Long-term liabilities

b.

Long-term investments

h.

Other liabilities

c.

Property, plant, and equipment

i.

Contributed capital

d.

Intangible assets

j.

Retained earnings

e.

Other assets

k.

Accumulated other comprehensive

f.

Current liabilities


     income


1.

Work in process inventory


2.

Trademarks


3.

Sales revenue


4.

Cash surrender value of life insurance policy


5.

Additional paid-in capital on common stock


6.

Purchase discounts


7.

Unrealized decrease in value in available for sale securities


8.

Allowance for uncollectible accounts receivable


9.

Interest payable


10.

Sinking fund for preferred stock retirement


11.

Bonds payable (due in 10 years)


12.

Leased machinery under a capital lease


13.

Unexpired insurance


14.

Deferred income tax payable - noncurrent


15.

Unearned ticket sales

         Required:                                                                                                                         

Using the letters , indicate in which section of the balance sheet each of the accounts would be classified. Put a hyphen (-) after the letter used if it represents a contra account. If the account does not appear on the balance sheet, place an "X" in the space provided.

Reference no: EM13482197

Questions Cloud

Cbs companys manufacturing accounting system uses direct : cbs companys manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished
What is cost of goods sold using the perpetual method the : records of the genesis corporation reveal the following information about inventory during the year.january1 beginning
Rand medical manufactures lithotripters lithotripsy uses : rand medical manufactures lithotripters. lithotripsy uses shock waves instead of surgery to eliminate kidney stones.
The manufacture of each door requires 20 lbs of steel and : a company produces doors. the following information wasgathered to prepare budgets for the upcoming year beginning
Indicate in which section of the balance sheet each of the : the balance sheet contains the major sections a-k listed below. a listing of balance sheet accounts follows.a.current
Ramirez company received their first electric bill in the : 1. ramirez company received their first electric bill in the amount of 60 which will be paid next month. how will this
On january 1 2013 sweetwater furniture company leased : on january 1 2013 sweetwater furniture company leased office space under a 21-year operating lease agreement. the
On january 1 2013 nrc credit corporation leased equipment : on january 1 2013 nrc credit corporation leased equipment to brand services under a direct financing lease designed to
Good internal controls are essential for effective and : good internal controls are essential for effective and efficient operations of an enterprise. the downside is excessive

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd