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