Preferred balance sheet presentation

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Required:

Using the letters provided, classify items (1-13) according to the most commonly preferred balance sheet presentation.

    Assets

    Liabilities and Stockholders' Equity

a. Current Assets

f. Current Liability

b. Tangible Assets

g. Long-Term Liability

c. Investments

h. Capital Stock

d. Intangibles

i. Retained Earnings

e. Other

j. Items Not Included on Balance Sheet

1.

Land

2.

Marketable Securities

3.

Goodwill

4.

Inventories

5.

Premium on Preferred Stock

6.

Appropriation for Expansion

7.

Depreciation Expense

8.

Investment in K Company Bonds (long-term investment)

9.

Accounts Payable

10.

Bonds Payable

11.

Equipment

12.

Copyright

13.

Unamortized Premium on Bonds Payable

Reference no: EM13755471

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