2.

PLEAST JUST WRITE THE RIGHT ANSWERS NO NEED OF EXPLANATION.

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PLEASE ANSWER AS SOON AS POSSIBLE I AM IN THE MIDDLE OF THE QUIZ.

Indicate in which section of the balance sheet each of the accounts would be classified. Put parentheses around the account used if it represents a contra account. If the account does not appear on the balance sheet, select "No". 1. Work in process inventory Current assets 2. Trademarks Intangible assets 3. Sales No 4. Cash surrender value of life insurance policy Other assets 5. Additional paid-in capital on common stock Contributed capital 6. Deferred tax assets Other assets 7. Accumulated depreciation (Property, plant, and equipment) 8. Unrealized decrease in value in available-for-sale securities Accumulated other comprehensive income 9. Allowance for uncollectible accounts receivable (Other assets) Current liabilities 10. Interest payable 11. Sinking fund for preferred stock retirement Other assets 12. Bonds payable (due in 10 years) Long-term liabilities 13. Leased machinery under a capital lease Property, plant, and equipment 14. Cost of goods sold No For each account listed below, indicate the section of the balance sheet in which it would most likely be classified. 1. Unexpired insurance Current assets 2. Idle machinery Other assets 3. Unrealized gain on available-for-sale securities Retained earnings 4. Land Property, plant, and equipment 5. Fund to retire preferred stock Long-term investments 6. Additional paid-in capital on common stock Contributed capital 7. Deferred income tax payable-noncurrent Long-term liabilities 8. Obligation for future pension payments Current liabilities 9. Trademark Intangible assets 10. Unearned ticket sales Accumulated other comprehensive income