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C. Indicate the section where each of the following items would be reported on the corporation balance sheet: Use the following abbreviations to report the
C. Indicate the section where each of the following items would be reported on the corporation balance sheet: | ||||||||||
Use the following abbreviations to report the relevant balance sheet section: | ||||||||||
CA = Current Assets | ||||||||||
I = Investments | ||||||||||
PPE = Property, Plant, and Equipment | ||||||||||
IA - Intangible Assets | ||||||||||
CL = Current Liabilities | ||||||||||
LTL = Long-Term Liabilities | ||||||||||
DC = Deferred Credits | ||||||||||
PIC = Paid-In Capital | ||||||||||
RE = Retained Earnings | ||||||||||
1. Deferred income tax payable (due after current year) | ||||||||||
2. Marketable securities | ||||||||||
3. Organization costs | ||||||||||
4. Excess of issue price over par of common stock | ||||||||||
5. Investment in Adkins Co. bonds | ||||||||||
6. Unamortized bond discount (on bonds due in 2008) |
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