Exercise 5.1

the SPE, whether son cannot be considered as revenues etc. Exercises: solved or to be solved; for your practise Exercise 5.1 Balance Sheet Items it is current or non- Instructions: Decide what type of balance sheet item it is, and state if it is current current. Balance sheet items: 1. Accrued salaries and wages. Clavery 2. Rental revenues for 3 months collected in advance. 3. Land used as plant site. N cwers asted 4. Equity securities classified as trading areas 5. Cash. Carters 6. Accrued interest payable due in 30 days. 7. Premium on preferred stock issue. 8. Dividends in arrears on preferred stock. 9. Petty cash fund. Canese 10. Unamortized discount on bonds payable due 2023. 11. Common stock at par value. 12. Bond indenture covenants. 13. Unamortized premium on bonds payable due the following year. 14. Allowance for doubtful accounts. C contra are account 15. Accumulated depreciation. avsed with Walance N long seun contra aused 138