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Problem #3: Balance Sheet Items (20 points) Swedish House Mafia Corp. uses the following classifications in its balance sheet A. Current Assets B. Investments C.
Problem #3: Balance Sheet Items (20 points) Swedish House Mafia Corp. uses the following classifications in its balance sheet A. Current Assets B. Investments C. Plant and Equipment D. Intangible Assets E. Other Assets F. Current Liabilities G. Long-Term Liabilities H. Contributed Equity I. Internally-Generated Equity J. Contra-Equity Indicate by letter how each of the following items should be classified in the balance sheet at December 31, 2018 If an item is not reported in the balance sheet, use the letter "X". A letter may be used more than once or not at all. 1. Rent revenue collected in advance 2. Patents 3. Additional paid-in capital 4. Accrued revenue on temporary investments 5. Accumulated other comprehensive income (loss) 6. Notes payable due after 2019 7. Accrued expenses 8. Accumulated depreciation 9. Prepaid expenses 10. Principal payments due in 2019 on long-term debts 11. Land held for future use 12. Goodwill 13. Treasury stock 14. Bond sinking funds: restricted cash 15. Dividends paid 16. Land improvements 17. Bonds payable in 2020 18. Accounts receivable, net 19. Common stock at its par value 20. Common stock at its fair value on December 31, 20188
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