Question
Match each of the following accounts to its proper balance sheet classification. Use OOE for other owners' equity items that are not contributed capital or
Match each of the following accounts to its proper balance sheet classification. Use OOE for other owners' equity items that are not contributed capital or retained earnings. (Points : 2)
Potential Matches:
1 : Goodwill
2 : Mortgage Payable
3 : Benefit Pension Plans
4 : Bonds Payable, due within one year
5 : Deferred Charges
6 : Investment in Kolinchak, Inc.
7 : Accounts Receivable
8 : Mining Property
9 : Treasury Stock
10 : Common Stock
Answer :
OL - Other Liabilities :
PPE - Property, Plant and Equipment :
CL - Current Liabilities :
INT - Intangibles :
INV - Investments :
CC - Contributed Capital :
CA - Current Asset :
LTL - Long-term Liabilities :
OOE - Other Owners' Equity :
OA - Other Assets
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