Identify where each balance sheet item belongs:
A. Current assets H. Non current liabilities
B. Investments I. Capital stock
C .Property Plant, Equipment J. Add’l paid in capital
D. Other revenues K. Cost of goods sold
E. Intangible assets L. Retained earnings
F. Current liabilities M. Revenues
G. Other assets
Required:
Indicate where the following items would be classified on the balance sheet.
1. Common stock 11. Stock owned in affiliated co.
2. Sinking fund to retire debt 12. Land held for future plant site.
3. Accounts receivable 13. Premium on common stock
4. Inventory 14. Copyrights
5. Prepaid insurance 15. Unearned revenues
6. Accumulated depreciation 16. Accrued interest on note receivable.
7. Bond payable 17. Cash
8. Wages payable 18. Trade accounts payable
9. Machinery no longer in use 19. Current portion of long term debt
10. Allowance for doubtful accounts 20. Goodwill