2 Indicate the proper treatment of the numbered items listed below by entering next to each item the ap- propriate letter from the following code: A Current assets. B Investments C Property, plant, and equipment, D Intangible assets. E Other assets (including deferred charges) F Current liabilities G Long-term liabilities H Stockholders' equity. N Notes to financial statements, X No disclosure required 1 Thirty-year issue of bonds payable which will mature within the next year. (No sinking fund exists and refunding is not planned.) 2 Standing timber which will be cut, pro- cessed into plywood, and sold within the next year , 3 Portion of dollar cost of salesmen's auto. mobile which will be depreciated within the next year 4 Cash surrender value of life insurance policy on company officer of which the company is beneficiary. 5 Salaries which company budget shows will be paid to employees within the next year. 6 Discount on bonds payable. 7 Premium on bonds payable 8 Expense advance to salesmen. 9 Stock dividend to be distributed 10 Contingent liability on notes receivable dis- counted 11 Obligation under product guarantee 12 Serious illness of President of United States announced just prior to balance sheet date. 13 Issuance of stock options to company offi- cers during year 14 Reports that company may make offers to acquire other companies 15 Accrued vacation pay 16 Petty cash fund. 17 Treasury stock 18 Class action lawsuit for $100 million filed against company 19 Preferred dividends in arrears 20 Unearned subscriptions revenue