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Balance Sheet Classifications: Mark Diedrichsens Clothing, Inc. used the following headings on the companys December 31, 2014 balance sheet. (Note that letters appear more than

Balance Sheet Classifications: Mark Diedrichsens Clothing, Inc. used the following headings on the companys December 31, 2014 balance sheet. (Note that letters appear more than once to accommodate the Scantron.) Please choose the most likely category.

A. Current assets B. Capital Stock

B. Long-term investments C. Additional Paid-In-Capital

C. Property and equipment D. Accumulative Comprehensive Income

D. Intangible assets E. Retained Earnings

E. Current liabilities A. Contra Equity

A. Long-term debt B. Note or not reported on Balance Sheet

_____ 1. Unrealized losses/gains on available-for-sale securities

_____ 2. Premium or Discount on Bonds Payable (Due 2025)

_____ 3. Unearned Rent Revenue/Treasury Stock

_____ 4. Trading securities

_____ 5. Allowance for doubtful accounts/Allowance for Bad Debts

_____ 6. Cash surrender value of life insurance/ Bond sinking fund

_____ 7. Discount on preferred stock

_____ 8. Copyrights/Trademarks

_____ 9. Budgeted capital expenditures

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