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(25 pts.) PROBLEM THREE Assume that Eugene Motor Corp. uses the following headings on its financial statement: F. Long-term Liabilities G. Capital Stock H. Paid-in
(25 pts.) PROBLEM THREE Assume that Eugene Motor Corp. uses the following headings on its financial statement: F. Long-term Liabilities G. Capital Stock H. Paid-in Capital in Excess of Par I. Retained Earnings J. In a Footnote only K. Income Statement A. Current Assets B. Investments Property, Plant and Equipment D. Intangible Assets E. Current Liabilities C. Title the accation thesis, Indicate by letter how each of the following Account Titles should be best classified for financial statement analysis purposes. If the account balance is normally opposite that of a typical account in that classification (i.e. a contra account), indicate this by placing the letter in parenthesis, 8. Insurance expense 9. Warehouse in construction stage, for use by Eugene Motor Corp. 10. Cash dividends payable 11. Bank overdraft 12. Cash surrender value of life insurance policy 13. Land 14. Marketable securities
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