A typical statement of financial position has the following classifications:

A. Current assets

B. Investments and funds

C. Tangible capital assets (property, plant, and equipment)

D. Intangible capital assets

E. Other non-current assets

F. Current liabilities

G. Long-term liabilities

H. Share capital (common or preferred)

I. Additional contributed capital

J. Debt elements that have the characteristics of equity

K. Other shareholders' equity

Selected items on a public company's financial statements are as follows:

___C___ 1. Accumulated depreciation

______ 2. Bonds payable (due in 10 years)

______ 3. Bonds payable (issued to a shareholder)

______ 4. Equipment idled due to lack of product demand; demand is not expected to return for at

least one year

______ 5. Appropriation of retained earnings

______ 6. Manufacturing supplies inventory

______ 7. Land (in use)

______ 8. Investment in marketable securities (held as temporary use of cash)

______ 9. Land (held for investment)

______ 10. Callable loan to company from company president (repayment not expected for two

years)

______ 11. Accumulated income less accumulated dividends

______ 12. Investment in shares of X Company (long term)

______ 13. Non-current assets of a group of assets being disposed of; the company is in the

process of finding a buyer

______ 14. Bond sinking fund (to retire long-term bonds)

______ 15. Cumulative effect (gain) due to change in accounting policy

______ 16. Translation gain on foreign subsidiary

______ 17. Capital assets of a discontinued operation, held-for-sale

______ 18. Allowance for doubtful accounts

______ 19. Building (held-for-sale)

______ 20. Interest accrued on long-term debt but not yet paid