Question
For each of the following accounts, please help me choose which part of the accounting equation would include the account balance. The Options Are: A.Current
For each of the following accounts, please help me choose which part of the accounting equation would include the account balance.
The Options Are:
A.Current asset
B.Plant asset (Property, plant and equipment)
C.Intangible asset
D.Long term investment
E.Current liability
F.Long term liability
G.Stockholders' equity
1.Interest expense
2. Bonds payable (mature in 6 months)
3. Bonds payable (mature in 3 years)
4. Discount on bonds payable (mature in 3 years)
5. Premium on bonds payable (mature in 3 years)
6. Interest payable (on semi annual bond interest payments)
7. Long term investments
8. Interest revenue
9. Dividend revenue
10. Market adjustment on long term investment (market value exceeds cost)
11. Market adjustment on long term investment (cost exceeds market value) -
12. Unrealized gain (on long term investment)
13. Unrealized loss (on long term investment)
14. Earnings from long term investment (investee earns a net income)
15. Earnings from long term investment (investee earns a net loss)
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