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Exercise 5-3 For Pielder Enterprises, Indicate how each of the following usually should be classified. If an item should appear in a note to the

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Exercise 5-3 For Pielder Enterprises, Indicate how each of the following usually should be classified. If an item should appear in a note to the financial statements, select Note to Financial Statement" to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance Sheet" and if an item need not be reported at all, select "Not to be Reported Reported in Classification 1. Prepaid insurance. 2. Stock owned in affiliated companies 3. Unearned service revenue. dy 4 Advances to suppliers 5. Unearned rent revenue. 6. Preferred stock 7. Additional paid-in capital on preferred stock 8. Copyrights. 9. Petty cash fund. 10. Sales taxes payable. 11. Accrued interest on notes receivable. 12. Twenty-year issue of bonds payable that w mature within the next year. (No sinking fund exists, and refunding is not planned.) Machinery retired from use and held for sale. 13. 14. Fully depreciated machine still in use 15. Accrued interest on bonds payable. 16. Salaries that company budget shows will be paid to employees within the next year 17. Discount on bonds payable. (Assume related to bonds payable in item 12.) 18. Accumulated Depreciation-Buildings 19. Noncontrolling interest Click if you would like to Show Work for this question: Open S rk

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