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Add two more: 90-day notes payable Investment in bonds of another company; will be held to maturity-due in 10 years - Accrued salaries and wages
Add two more: 90-day notes payable
Investment in bonds of another company; will be held to maturity-due in 10 years
- Accrued salaries and wages - Rental revenues for 3 months collected in advance - Land used as plant site - Equity securities classified as trading - Cash - Accrued interest payable due in 30 days A. Current Assets B. Investments Premium on preferred stock issued C. Plant Assets - Dividends in arrears on preferred stock D. Intangible Assets Petty cash fund E. Other Assets - Unamortized discount on bonds payable due in 10 years. F. Current Liabilities - Common stock at par value - Bond indenture covenants G. Long-Term Liabilities H. Capital Stock 1. Additional Paid-In Capital - Unamortized premium on bonds payable due in 5 years. Allowance for doubtful accounts J. Retained Earnings - Accumulated depreciation K. Notes to Financial Statements L. Not Reported on Balance Sheet Natural resource timberlands - Deficit (no net income earned since beginning of company) - GoodwillStep by Step Solution
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