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For Fielder Enterprises, indicate how each of the following
usually should be classified. If an item should appear in a note to
the financial statements, select “Note to Financial Statement” to
indicate this fact. If an item needs to be reported on the balance
sheet, select "Balance Sheet" and if an item need not be reported
at all, select “Not to be Reported.”
Need help with number #2-5, 16, 19
1. Prepaid insurance. Balance Sheet Current Assets 2. Stock owned...
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E5.3 (LO 1, 2) (Classification of Balance Sheet Accounts) Assume that Fielder Enterprises uses the following headings on its balance sheet. a. Current assets. g. Long-term liabilities. b. Investments h. Capital stock c. Property, plant, and equipment. i. Equity attributed to noncontrolling interest. d. Intangible assets. j. Paid-in capital in excess of par. e. Other assets. k. Retained earnings. f. Current liabilities. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear...
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Helder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial ments, select "Note to Financial Statement" to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance t" and if an item need not be reported at all, select "Not to be Reported." Transactions Reported in Classification Prepaid insurance Note to Financial Statement Long-term Liabilities Stock owned in affiliated companies...
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E5.3 (L01, 2) (Classification of Statement of Financial Position Accounts) Assume that Masters Enterprises uses the following headings on its statement of financial position. a. Investments b. Property, plant, and equipment. c. Intangible assets. d. Other assets. e. Current assets. f. Non-current liabilities. g. Current liabilities. h. Share capital i. Share premium j. Retained earnings. k. Accumulated other comprehensive income. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a...
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E5-4B (L02,3) (Preparation of a Classified Balance Sheet) Assume that Cluver Inc. has the following accounts at the end ofthe current year. 1. Accrued Salaries Payable. 14. Common Stock 2. Cash Restricted for Plant Expansion. 15. Treasury Stock (at cost). 3. Land Held for Future Plant Site. 16. Raw Materials. 4. Accumulated Depreciation Buildings. 17. Unearned Rent Revenue. 5. Retained Earnings 18. Copyrights. 6. Unearned Subscriptions Revenue. 19. Notes Receivable (short-term). 7. Finished Goods. 20. Cash. 8. Accounts Receivable. 21....
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Indicate how each of the following items would be
classified on a balance sheet prepared at December 31, 2020. If a
contra account, or any amount that is negative or opposite the
normal balance, use the term with parentheses.
1
Accrued salaries and wages
OPTIONS BELOW:
2
Rent revenues for 3 months collected in advance
3
Land used as plant site
4
Equity securities classified as trading
5
Cash
6
Accrued interest payable due in 30 days
7
Premium on...
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-UN- Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock 14. Accumulated Depreciation-Buildings. 2 Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion Treasury Stock (at cost). 16. Land Held for Future Plant Site. port Notes Payable (short-term). 17. Allowance for Doubtful Accounts. Raw Materials. 18. Retained Earnings. Preferred Stock Investments (long-term). 19. Paid-in Capital in Excess of Par Common Stock. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue. 8....
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From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No Item required from the selection choices. Classification Classification Account Title 11. Accounts receivable Account Title 1. Notes receivable (due in 2 years) 2. Interest payable (due in 1 week) 3. Long-term investment in stock 4. Wages payable 6. Prepaid rent 2 months of Rent) 8. Salaries payable 7....
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Assume that Denis Savard Inc. has the following accounts at the end of the current year.1. Common Stock.2. Discount on Bonds Payable.3. Treasury Stock (at cost).4. Notes Payable (short-term).5. Raw Materials.6. Preferred Stock Investments (long-term).7. Unearned Rent Revenue.8. Work in Process.9. Copyrights.10. Buildings.11. Notes Receivable (short-term).12. Cash.13. Salaries and Wages Payable.14. Accumulated Depreciation-Buildings.15. Restricted Cash for Plant Expansion.16. Land Held for Future Plant Site.17. Allowance for Doubtful Accounts.18. Retained Earnings.19. Paid-in Capital in Excess of Par-Common Stock.20. Unearned Subscriptions Revenue.21....
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iley Ch 5: Homework Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. Goodwill. Salaries and wages payable Accounts payable. Buildings. Equity investments (to be sold within one year). Current maturity of long-term debt. 8. Premium on bonds payable. Allowance for doubtful accounts. 10. Accounts receivable. 11. Cash surrender value of life insurance. 12. 13. Notes payable (due next year). Supplies 14. Common stock. 15. Land. 16. Bond sinking fund. 17. Inventory. 9. Allowance for doubtful accounts. 10. Accounts receivable....
For Fielder Enterprises, indicate how each of the following
usually should be classified. If an item should appear in a note to
the financial statements, select “Note to Financial Statement” to
indicate this fact. If an item needs to be reported on the balance
sheet, select "Balance Sheet" and if an item need not be reported
at all, select “Not to be Reported.”
Need help with number #2-5, 16, 19
1. Prepaid insurance. Balance Sheet Current Assets 2. Stock owned...
E5.3 (LO 1, 2) (Classification of Balance Sheet Accounts) Assume that Fielder Enterprises uses the following headings on its balance sheet. a. Current assets. g. Long-term liabilities. b. Investments h. Capital stock c. Property, plant, and equipment. i. Equity attributed to noncontrolling interest. d. Intangible assets. j. Paid-in capital in excess of par. e. Other assets. k. Retained earnings. f. Current liabilities. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear...
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Helder Enterprises, indicate how each of the following usually should be classified. If an item should appear in a note to the financial ments, select "Note to Financial Statement" to indicate this fact. If an item needs to be reported on the balance sheet, select "Balance t" and if an item need not be reported at all, select "Not to be Reported." Transactions Reported in Classification Prepaid insurance Note to Financial Statement Long-term Liabilities Stock owned in affiliated companies...
E5.3 (L01, 2) (Classification of Statement of Financial Position Accounts) Assume that Masters Enterprises uses the following headings on its statement of financial position. a. Investments b. Property, plant, and equipment. c. Intangible assets. d. Other assets. e. Current assets. f. Non-current liabilities. g. Current liabilities. h. Share capital i. Share premium j. Retained earnings. k. Accumulated other comprehensive income. Instructions Indicate by letter how each of the following usually should be classified. If an item should appear in a...
E5-4B (L02,3) (Preparation of a Classified Balance Sheet) Assume that Cluver Inc. has the following accounts at the end ofthe current year. 1. Accrued Salaries Payable. 14. Common Stock 2. Cash Restricted for Plant Expansion. 15. Treasury Stock (at cost). 3. Land Held for Future Plant Site. 16. Raw Materials. 4. Accumulated Depreciation Buildings. 17. Unearned Rent Revenue. 5. Retained Earnings 18. Copyrights. 6. Unearned Subscriptions Revenue. 19. Notes Receivable (short-term). 7. Finished Goods. 20. Cash. 8. Accounts Receivable. 21....
Indicate how each of the following items would be
classified on a balance sheet prepared at December 31, 2020. If a
contra account, or any amount that is negative or opposite the
normal balance, use the term with parentheses.
1
Accrued salaries and wages
OPTIONS BELOW:
2
Rent revenues for 3 months collected in advance
3
Land used as plant site
4
Equity securities classified as trading
5
Cash
6
Accrued interest payable due in 30 days
7
Premium on...
-UN- Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock 14. Accumulated Depreciation-Buildings. 2 Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion Treasury Stock (at cost). 16. Land Held for Future Plant Site. port Notes Payable (short-term). 17. Allowance for Doubtful Accounts. Raw Materials. 18. Retained Earnings. Preferred Stock Investments (long-term). 19. Paid-in Capital in Excess of Par Common Stock. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue. 8....
From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No Item required from the selection choices. Classification Classification Account Title 11. Accounts receivable Account Title 1. Notes receivable (due in 2 years) 2. Interest payable (due in 1 week) 3. Long-term investment in stock 4. Wages payable 6. Prepaid rent 2 months of Rent) 8. Salaries payable 7....
Assume that Denis Savard Inc. has the following accounts at the end of the current year.1. Common Stock.2. Discount on Bonds Payable.3. Treasury Stock (at cost).4. Notes Payable (short-term).5. Raw Materials.6. Preferred Stock Investments (long-term).7. Unearned Rent Revenue.8. Work in Process.9. Copyrights.10. Buildings.11. Notes Receivable (short-term).12. Cash.13. Salaries and Wages Payable.14. Accumulated Depreciation-Buildings.15. Restricted Cash for Plant Expansion.16. Land Held for Future Plant Site.17. Allowance for Doubtful Accounts.18. Retained Earnings.19. Paid-in Capital in Excess of Par-Common Stock.20. Unearned Subscriptions Revenue.21....
iley Ch 5: Homework Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. Goodwill. Salaries and wages payable Accounts payable. Buildings. Equity investments (to be sold within one year). Current maturity of long-term debt. 8. Premium on bonds payable. Allowance for doubtful accounts. 10. Accounts receivable. 11. Cash surrender value of life insurance. 12. 13. Notes payable (due next year). Supplies 14. Common stock. 15. Land. 16. Bond sinking fund. 17. Inventory. 9. Allowance for doubtful accounts. 10. Accounts receivable....