Item Classification 1. Accounts pa yable 2. Machinery 3. Inventory а. Current assets b. Property, plant, and equipment Intangible assets с. 4. Common stock d. Current liabilities Long-term liabilities Contributed capital Retained earnings 5. Notes payable (due in 5 years) е. 6. Cash f. 7. Соруright 8. Net income less dividends 9. Accumulated depreciation 10. g. Accounts receivable
Item Classification 1. Accounts pa yable 2. Machinery 3. Inventory а. Current assets b. Property, plant, and equipment Intangible assets с. 4. Common stock d. Current liabilities Long-term liabilities Contributed capital Retained earnings 5. Notes payable (due in 5 years) е. 6. Cash f. 7. Соруright 8. Net income less dividends 9. Accumulated depreciation 10. g. Accounts receivable
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.4MBA
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Listed below are items that may appear on a balance sheet. Required: Match each item with its appropriate classification on the balance sheet. |
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