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6. Assume that Mohamed Enterprises uses the following heading on its balance sheet. a- Current asset f-Current liabilities b- Investment g- long-term liabilities c-
6. Assume that Mohamed Enterprises uses the following heading on its balance sheet. a- Current asset f-Current liabilities b- Investment g- long-term liabilities c- Property, plant, and asset h- Capital stock d- Intangible assets e- Other assets i- Paid-in-capital in excess pf par J-Retained earning Instructions: indicate by letter how each of the following usually should be classified. If an item should appear in a note to the financial statements, use the letter "N" to indicate this fact. If an item need not be reported at all on the balance sheet, use the letter "X". 1- Unexpired insurance 2- Stock owned on affiliated companies 3- Unearned revenue 4- Advance to supplier 5- Unearned rent revenue 6- Preferred stock 7- Premium on preferred stock 8- Copyrights 9- Petty cash fund 10- Sales tax payable
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