No. 1 5 6 7 8 9 10 Particulars Intangible Assets Freight In Allowance for Doubtful Accounts Prepaid Expenses Accumulated Depreciation Drawings Accrued Expenses Unearned Revenue Deferred Tax Liability Share Capital I: Write the classification of the each transaction a. Current Asset b. Noncurrent Asset c. Current Liability d. Noncurrent Liability e. Equity f. not applicable II: Effect on the Statement of Financial Position a. increase Asset account b. decrease Asset account c. increase liability account d. increase equity account e decrease equity account f. not applicable

No. 1 5 6 7 8 9 10 Particulars Intangible Assets Freight In Allowance for Doubtful Accounts Prepaid Expenses Accumulated Depreciation Drawings Accrued Expenses Unearned Revenue Deferred Tax Liability Share Capital I: Write the classification of the each transaction a. Current Asset b. Noncurrent Asset c. Current Liability d. Noncurrent Liability e. Equity f. not applicable II: Effect on the Statement of Financial Position a. increase Asset account b. decrease Asset account c. increase liability account d. increase equity account e decrease equity account f. not applicable

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 9MC

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