Ac 550

E5-2 (Classification of Balance Sheet Accounts) Presented under 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)Capital stock. (i)Additional paid-in capital. (j)Retained earnings. Instructions Indicate by letter where distributively of the followers items would be classified. 1.Preferred stock. 2.Goodwill. 3.Salaries and wages payable. 4.Accounts payable. 5.Buildings. 6.Equity investments (trading). 7.Current theatrical role of long-term debt. 8.Premium on bonds payable. 9.Allowance for dubious accounts. 10.Accounts receivable. 11.Cash surr supplanter value of manners insurance. 12.Notes payable (due following year). 13.Supplies. 14.Common stock. 15.Land. 16.Bond sinking fund. 17.Inventory. 18.Prepaid insurance. 19.Bonds payable. 20.Income tax payable. Answer: 1. h 2. d 3. f 4. f 5. c 6. a 7. f 8. g 9. a 10. a 11. d 12. f 13. a 14. h 15. c 16. d 17. a 18. a 19. g 20.

f E5-4 (Preparation of a Classified Balance Sheet) call for that Gulistan Inc. has the following accounts at the wipeout of the current year. 1.Common stock certificate. 2.Discount on Bonds Payable. 3.Treasury Stock (at cost). 4.Notes Payable (short-term). 5.Raw Materials. 6.Preferred Stock Investments (long-term). 7.Unearned salute to Revenue. 8.Work in Process. 9.Copyrights. 10.Buildings. 11.Notes Receivable (short-term). 12.Cash. 13.Salaries and payoff Payable. 14.Accumulated DepreciationBuildings. 15.Cash Restricted for cumber Expansion. 16.Land Held for Future Plant Site. 17.Allowance for dubious AccountsAccounts...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper