User Account

All Pages

The following are the major balance sheet classifications

Assignment Help Accounting Basics
Reference no: EM131137375

The following are the major balance sheet classifications:

Current assets (CA).......... Current liabilities (CL)
Long-term investments (LTI)....... Long-term liabilities (LTL)
Property, plant, and equipment (PPE)... Owner's equity (OE)

Intangible assets (IA)

Match each of the following accounts to its proper balance sheet classification.

_____ Accounts payable _____ Income tax payable

_____ Accounts receivable _____ Investment in long-term bonds

_____ Accumulated depreciation _____ Land

_____ Building _____ Merchandise inventory

_____ Cash _____ Patent

_____ Copyrights _____ Supplies 

Reference no: EM131137375

Questions Cloud

Nathan company made an accrued expense adjusting entry : Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.
Midterm and final examinations in a course in statistics : With reference to Exercise 43, use the theory of Exercise 22 to construct a 99% confidence interval for α. The following are the scores that 12 students obtained on the midterm and final examinations in a course in statistics:
The internal energy et of a system at a fixed volume is : The Internal energy E(T) of a system at a fixed volume is found to depend on the temperature T as E(T) = aT2 + bT4. Then the entropy S(T), as a function of temperature would be?
Fundamental principles of high-performance work systems : What are the fundamental principles of high-performance work systems? What are the critical issues involved in implementing a high-performance work system? Describe how-high-performance work systems can create competitive advantage for the organizati..
The following are the major balance sheet classifications : Match each of the following accounts to its proper balance sheet classification.
Consider in evaluating the wisdom of supporting : How would you react to a physician who wants the organization to purchase a new piece of technology that the competing hospital already has so he can bring his patients to your hospital rather than to the competition? What factors would you consider ..
Prepare the current assets section of the balance sheet : Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
Makes three types of fertilizer : The Natural Fertilizer Company makes three types of fertilizer: 20-5-5 for lawns, 10-15-10 for gardens, and 5-5-5 for trees. The numbers in each case refer to the percentage by weight of nitrates, phosphates, and potash, respectively. The fertilizer ..
Empirically investigate how these theoretical channels : There are several studies that have attempted to empirically investigate how these theoretical channels may affect a host country. What are the conclusions of these studies? Were there mostly positive impacts or negative impacts on a host country? Ex..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Elimination for the machine account

What amount will be debited in the December 31, 2005 worksheet elimination for the machine account as a result fo this transaction?

  Use a horizontal statements model to show how each

Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows.

  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

  What is the gross profit for the period

A physical inventory on December 31 shows 2,000 units on hand. Holliday sells the units for $12 each. The company has an effective tax rate of 20%. Holliday uses the periodic inventory method. If the company uses FIFO, what is the gross profit for..

  Which tax attributes are reduced and by how much

During bankruptcy, US Corporation debt was reduced from $780,000 to $400,000. USA Corporation's assets are valued at $500,000. USA's NOL carryover was $400,000.

  Sale of accounts receivable the company sells undivided

sale of accounts receivable the company sells undivided interests in designated pools of qualified accounts receivable

  Various forms of penalties

Analyze the various forms of penalties that occur as a result of tax evasion. Share your opinion on these penalties. Recommend a way in which to reduce the occurrences of tax evasion in the U.S.

  This investment by the equity method.

1.On January 1, 2013, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction Company for $300 million cash.

  Ida sidha karya company is a family-owned company located

ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.

  The simple rate of return method explicitly takes

true of false questions1. the simple rate of return method explicitly takes depreciation into account.2. the payback

  Four phases in product life cycle

Summarize the four phases (in order of their occurrence) in the product life cycle. For each of the four phases, explain the impact of the cycle on a company's cash flow.

  The city of davenport issued a new series of bonds on jan 1

the city of davenport issued a new series of bonds on jan 1 2009. the bonds were sold at par 1000 have a 2.8 annual

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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