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Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2018. Item Reporting Method
Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2018. Item Reporting Method N. Not reported C. Current liability L. Long-term liability D. Disclosure note only A. Asset 1. Commercial paper 2. Noncommitted line of credit 3. Customer advances 4. Estimated quality assurance warranty cost 5. Accounts payable 6. Long-term bonds that will be callable by the creditor in the upcoming year unless an existing violation is not corrected (there is a reasonable possibility the violation will be corrected within the grace period) 7. Note due March 3, 2019 8. Interest accrued on note, December 31, 2018 9. Short-term bank loan to be paid with proceeds of sale of common stock 10. A determinable gain that is contingent on a future event that appears extremely likely to occur in three months 11. Unasserted assessment of back taxes that probably will he asserted, in which case there would probably be a loss in six months 12. Unasserted assessment of back taxes with a reasonable possibility of being asserted, in which case there would probably be a loss in 13 months 13. A determinable loss from a past event that is contingent on a future event that appears extremely likely to occur in three months 14. Note payable due April 4, 2021. 15. Long-term bonds callable by the creditor in the upcoming year that are not expected to be called
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