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a. 1. The balance sheet contains the following major sections: Current assets f. Current liabilities b. Long-term investments Long-term liabilities Property, plant, and equipment h.
a. 1. The balance sheet contains the following major sections: Current assets f. Current liabilities b. Long-term investments Long-term liabilities Property, plant, and equipment h. Contributed capital d. Intangible assets i. Retained earnings Other assets j. Accumulated other comprehensive income 1. Unexpired insurance c. e. 2. Idle machinery 3. Unrealized increase in available for sale securities 4. Land 5. Fund to retire preferred stock 6. Additional paid-in capital on common stock 7. Deferred income taxes-noncurrent 8. Obligation for future pension payments 9. Trademark 10. Unearned ticket sales Required: Using the letters (a) through (), indicate in what section the accounts would be classified
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