Question
Cash A.current asset B.property, plant & equipment C.intangible asset D.revenue Accounts receivable A.current asset B.property, plant & equipment C.intangible asset D.revenue Supplies A.current asset B.property,
Cash
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
Accounts receivable
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
Supplies
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
Prepaid insurance
A.current asset
B.long-term investments
C.property, plant & equipment
D.intangible assets
E.expense
Notes receivable (8 months)
A.current asset
B.long-term investment
C.property, plant & equipment
D.intangible asset
E.revenue
Short-term investment
A.current asset
B.intangible asset
C.long-term investment
D.property, plant & equipment
E.revenue
Inventories
A.current asset
B.property, plant & equipment
C.long-term investment
D.intangible asset
E.revenue
Land
A.current asset
B.intangible asset
C.property, plant & equipment
D.long-term investment
Building
A.property, plant & equipment
B.current asset
C.intangible asset
D.revenue
Equipment
A.property, plant & equipment
B.current asset
C.intangible asset
D.long-term investment
Patent
A.property, plant & equipment
Bintangible asset
C.contra-asset
D.current asset
E.revenue
Copyrights
A.property, plant & equipment
B.current asset
C.intangible asset
D.contra-asset
E.revenue
Accumulated depreciation
A.contra-asset
B.expense
C.current asset
D.intangible asset
E.long-term investment
Investment in Microsoft stock
A.property, plant & equipment
B.current asset
C.long-term investment
D.intangible asset
E.revenue
Investment in real estate
A.property, plant & equipment
B.long-term investment
C.current asset
D.revenue
E.intangible asset
Notes payable (5 months)
A.long-term liabilities
B.current liabilities
C.expense
D.intangible asset
E.stockholder's equity
Notes payable (3 years)
A.long-term liabilities
B.current liabilities
C.intangible asset
D.expense
E.current asset
Unearned revenue
A.long-term liabilities
B.current liabilities
C.revenue
D.intangible asset
E.stockholder's equity
Interest payable
A.long-term liabilities
B.current liabilities
C.expense
Dstockholder's equity
E.current asset
Salaries payable
A.long-term liabilities
B.current liabilities
C.expense
D.intangible asset
E.stockholder's equity
Current portion of long-term debt
A.long-term liabilities
B.current liabilities
C.expense
D.stockholder's equity
E.property, plant & equipment
Mortgage payable
A.long-term liabilities
B.current liabilities
C.expense
D.long-term asset
E.stockholder's equity
Common Stock
A.long-term liabilities
B.intangible asset
C.current asset
D.stockholder's equity
E.property, plant & equipment
Trademarks
A.current asset
B.intangible asset
C.property, plant & equipment
D.revenue
E.long-term investment
Retained Earnings
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
E.stockholder's equity
Accounts payable
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
E.current liability
Income taxes payable
A.current asset
B.property, plant & equipment
C.intangible asset
D.revenue
E.current liability
Bonds payable
A.current asset
B.long-term investments
C.property, plant & equipment
D.intangible assets
E.expense
F.long-term liability
Treasury stock
A.current asset
B.ong-term investment
C.property, plant & equipment
D.intangible asset
E.contra-stockholder's equity
Loss on sale of equipment
A.current asset
B.intangible asset
C.long-term investment
D.property, plant & equipment
E.not a balance sheet item
Dividends payable
A.current asset
B.current liability
C.long-term liability
D.stockholder's equity
E.long-term investment
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