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 downstairs are the captions of Nikos Companys balance sheet. (a) Current assets(b) Investments(c) Property, plant, and equipment(d) intangible asset assets (e) Other assets(f) Current liabilities(g) Non-current liabilities(h) cock stock (i) Additional paid-in capitalInstructions: Indicate by letter where each of the pastime items would be classified. Answer: 1. best-loved stockh 2. Goodwilld 3. Salaries and payment duef 4. Accounts payablef 5. Buildingsc 6. Equity investments (trading)a 7. Current parcel of land of long-term debtf 8. Premium on bonds payableg 9. Allowance for doubtful accountsa 10. Accounts receivablea 11. hard currency surr force outer value of livelihood restitutionb 12. Notes payable (due next year)f 13. Suppliesa 14. h bingley oil stockh 15. Landc 16. Bond cat fundb 17. Inventorya 18. Prepaid indemnificationa 19. Bonds payableg 20.

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

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