1. The following are categories of accounts reported in the financial statements:

A.Current Assets E. Long-Term Liabilities

B.Fixed Assets F. Stockholders Equity

C.Intangible Assets G. Revenue

D.Current Liabilities H. Expense

Indicate where each of the following accounts would be reported (classified) in the financial statement categories noted above (categories may be used more than once or not at all). Identify only one category for each account listed below.

_______Retained Earnings ________Wages Payable

_______Building ________Cash

_______Accounts Receivable ________Unearned Subscription Revenue

_______Notes Payable, Long-Term ________Wages Expense

2. i. What is total Stockholders Equity based on the following account balances? _____________

Paid in Capital:

Common Stock	$ 600,000
Paid-in-Capital in excess of par	9,225,000
Retained Earnings	21,550,000
Other Comprehensive Income	250,000
Non-Controlling Interests	30,000
Treasury Stock	90,000

ii.____Treasury stock represents?

A. Cash

B. The cost of company shares repurchased by the company

C. A reduction of stockholders equity

D. b and c are both correct

E. None of the above are correct