Indicate where each of the following items is reported on financial statements. Choose from the followingcategories: (a) current assets, (b) long-term investments, (c) current liabilities, (d) long-term liabilities,(e) other revenues and gains, ( f ) other expenses and losses, and (g) equity. Unrealized gain on available-for-sale securities

The following are the typical classifications used in a statement of financial position : a.       Current assets b.      Investments and funds c.       Property, plant, and equipment d.      Investment property e.       Intangible assets f.       Current liabilities g.       Long-term liabilities h.      Issued capital i.        Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter   3.      ………. Unearned rent revenue 4.      ……….. Income less dividends, accumulated 5.      ………. Building, in use

Classifying Financial Statement Amounts For the following six items, indicate which financial statement category would be affected: (1) net income or (2) other comprehensive income.               d. Unrealized loss on a TS debt investment.   e. Unrealized gain on an AFS debt investment accounted for using the fair value option.   f. Unrealized loss on an equity investment measured at FV-NI.

Classifying Financial Statement Amounts For the following six items, indicate which financial statement category would be affected: (1) net income or (2) other comprehensive income.   a. Realized gain on sale of AFS debt investment.   b. Realized loss on sale of HTM debt investment.   c. Unrealized gain on an AFS debt investment.   d. Unrealized loss on a TS debt investment.   e. Unrealized gain on an AFS debt investment accounted for using the fair value option.   f. Unrealized loss on an equity investment measured at FV-NI.

The account Valuation Allowance for Investments in Common Stock is included on the: A. statement of retained earnings. B. balance sheet as an adjustment to stockholders' equity. C. balance sheet as an adjustment to the investment asset account. D. income statement as other revenue (expense).

Write the formula for the following ratios and what each ratio measures: Debt-to-assets ratio Asset to Shareholders’ Equity (also called “equity multiplier” ) Interest coverage ratio (also called “times interest earned”)

The following are the typical classifications used in a statement of financial position : a.       Current assets b.      Investments and funds c.       Property, plant, and equipment d.      Investment property e.       Intangible assets f.       Current liabilities g.       Long-term liabilities h.      Issued capital i.        Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter 1.      ….  .…….Prepaid insurance 2.      ……….. Note payable due in three months 3.      ………. Unearned rent revenue 4.      ……….. Income less dividends, accumulated 5.      ………. Building, in use

The following are the typical classifications used in a statement of financial position : a.       Current assets b.      Investments and funds c.       Property, plant, and equipment d.      Investment property e.       Intangible assets f.       Current liabilities g.       Long-term liabilities h.      Issued capital i.        Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter 1.      ….  .…….Prepaid insurance 2.      ……….. Note payable due in three months

Which of the following would you find in the financial statements? a) Information about principal, interest, and maturity of long term debt. b) Discussion of the company's results of operations. c) Financial position on a particular date. d) A qualified opinion.