E5-3

Exercises on Chapter 5 Exercise 5-3 (Classification of Balance Sheet Accounts) claim that fieldsman Enterprises uses the following headings on its Balance Sheets. a) Cureconomic rent Assets b) Investments c) Property, prepare and equipment d) impalpable assets e) Other assets f) Current liabilities g) Long-term liabilities h) Capital everyday i) Paid-in capital in excess of you j) Retained earnings book of instructions: Indicate by earn how each of the following commonly should be classified. If an item should shape up in a note to the financial statements, use the earn N to imply this fact. If an item need not be reported at all on the balance poll use the letter X.

1) Unexpired Insurance (a) flowing ASSET 2) shopworn owned in affiliated companies (b) INVESTMENT 3) U tight-fittingned subscriptions revenue (f) new LIABILITY 4) Advances to suppliers (a) period ASSET 5) Unearned rent revenue (f) CURRENT LIABILITY 6) Preferred Stock (h) superior STOCK 7) aid on preferred stock (i) PAID-IN bully IN EXCESS OF PAR 8) Copyrights (d) nonphysical ASSETS 9) Petty change breed (a) CURRENT ASSET 10) Sales tax collectable (f) CURRENT LIABILITY 11) accumulated interest on notes receivable (a) CURRENT ASSET 12) Twenty-year issue of bonds payable that will acquire within the next year. (No sinking fun d exists, and refunding is not planned) (f)! CURRENT LIABILITY 13) Machinery retired from use and held for sale (a) CURRENT ASSETS (b) OTHER ASSETS 14) near depreciated machine still in use (c) PROPERTY, PLANT, AND EQUIPMENT OR N 15) Accrued interest on bonds payableIf you want to get a full essay, order it on our website: BestEssayCheap.com

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