Question
From the dropdown box beside numbered balance sheet item, select the letter of its balance sheet classification. If the item should not appear on the
From the dropdown box beside numbered balance sheet item, select the letter of its balance sheet classification. If the item should not appear on the balance sheet, choose the letter Z from the selection choices.
A. | Current assets |
B. | Long-term investments |
C. | Plant assets |
D. | Intangible assets |
E. | Current liabilities |
F. | Long-term liabilities |
G. | Equity 1.Office Equipment 2.Office Supplies 3. Building 4. Store Supplies 5. Accumulated Depreciation- Trucks 6. Land (in operation) 7. Repairs Expencses 8. Cash 9. Current Portion of long term note payable 10. long term investment in stock 11. Depreciation Expences- Building 12. Prepaid Rent 13. Intrest Recievable 14. Taxes Payable 15. Automobiles 16. Notes Payable (due in 3 years) 17. Accounts Payable 18. Prepaid Insurance 19. Common Stock 20. Unearned Services Revenue |
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