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The classifications on Chesapeake Limited,s statement of financial position are as follows: i. Current assets ii. Long-term investments iii. Property, plant, and equipment iv. Intangible
The classifications on Chesapeake Limited,s statement of financial position are as follows: i. Current assets ii. Long-term investments iii. Property, plant, and equipment iv. Intangible v. Other assets vi. Current liabilities vii. Long-term debt viii. Capital shares ix. Contributed surplus x. Retained earnings xi. Accumulated other comprehensive income Indicate by number where each of the following accounts would be classified: a. Preferred shares b. Franchises c. Salaries and wages payable d. Accounts payable e. Leasehold Improvements f. FV-NI Investments g. Current portion of long-term debt h. Obligations under Lease (portion due next year) I. Allowance for doubtful accounts j. Accounts receivable k. Bonds payable (maturing in two years) l. Notes payable (due next year) m. Supplies n. Mortgage payable (principal portion due beyond next year) o. Land (for use) p. Bond sinking fund investment q. Inventory r. Prepaid assurance s. Bonds payable ( maturing next year) t. Income tax payable u. Unrealized Gain or Loss - OCI v. Deficit
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