Question
Indicate the proper classification or presentation of the items listed below. Use the following classifications: Current Assets Noncurrent Assets Current Liabilities Noncurrent Liabilities Equity Notes
Indicate the proper classification or presentation of the items listed below. Use the following classifications:
- Current Assets
- Noncurrent Assets
- Current Liabilities
- Noncurrent Liabilities
- Equity
- Notes to Financial Statements
Items | Classifications |
1. Accrued interest on bonds payable |
|
2. Accrued rental income |
|
3. Accrued interest on note receivable |
|
4. Advances to suppliers |
|
5. Advances to affiliated entities |
|
6. The entity is a defendant in a lawsuit for certain amount. The loss is reasonable possible |
|
7. Destruction of entire plant by earthquake after end of reporting period but before issuance of statements |
|
8. Fully depreciated machinery still in use |
|
9. Share capital |
|
10. Retained earnings unappropriated |
|
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