Ac550 Intermediate Accounting I Week 3

Chapter 5: E 5-2, E 5-4, E 5-12, E 5-13, P 5-2 E5-2 (Classification of Balance Sheet Accounts) Presented down the stairs are the captions of Nikos Companys balance sheet. (a) Current assets(b) Investments(c) Property, plant, and equipment(d) intangible assets (e) Other assets(f) Current liabilities(g) Non-current liabilities(h) swash stock (i) Additional paid-in capitalInstructions: Indicate by letter where each of the undermentioned items would be classified. Answer: 1. best-loved stockh 2. Goodwilld 3. Salaries and cont force out duef 4. Accounts payablef 5. Buildingsc 6. Equity investments (trading)a 7. Current pile of long-term debtf 8. Premium on bonds payableg 9. Allowance for doubtful accountsa 10. Accounts receivablea 11. cash in surrender value of purport restitutionb 12. Notes payable (due next year)f 13. Suppliesa 14. h bingley oil stockh 15. Landc 16. Bond tramp fundb 17. Inventorya 18. Prepaid indemnificationa 19. Bonds payableg 20.

Income tax payablef E5-4 (Preparation of a Classified Balance Sheet) aim that Gulistan Inc. has the following accounts at the end of the current year. Common Stock.Discount on Bonds collectible. treasury Stock (at cost).Notes Payable (short-term). Raw Materials.Unearned Rent Revenue. aim Earnings.Salaries and Wages Payable. Copyrights.Buildings.Finished Goods.Cash Restricted for prove Expansion. Cash.Accounts Receivable. feat in Process.Accumulated disparagementBuildings. Notes Receivable (short-term).Land Held for future plant life Site. Bonds Payable (due in 4 years).ReceivablesOfficers (due in one year). Unearned...If you require to get a wide-cut essay, order it on our website: Ordercustompaper.com

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