The current balance sheet of J. J. Arvesen Company contains the following major sections: A. Current assets

Question:

The current balance sheet of J. J. Arvesen Company contains the following major sections:
A. Current assets
B. Long-term investments
C. Property, plant, and equipment
D. Intangible assets
E. Other assets
F. Current liabilities
G. Long-term liabilities
H. Contributed capital
I. Retained earnings
J. Accumulated other comprehensive income
Required:

___ 1. Patents (net)
___ 2. Income Taxes Payable
___ 3. Notes Receivable (due in 5 months)
___ 4. Unearned Rent
___ 5. Discount on Bonds Payable (long-term bonds)
___ 6. Computer Equipment in the Data Processing Center
___ 7. Furniture
___ 8. Land Held for Future Expansion
___ 9. Timberland (net)
___ 10. Treasury Stock (at cost)
___ 11. Advances to Sales Personnel
___ 12. Idle Machinery
___ 13. Deferred Taxes Payable
___ 14. Raw Materials
___ 15. Investment in Held-to-Maturity Bonds
___ 16. Pollution Control Facilities
___ 17. Cash from Security Deposits of Customers on Returnable Containers
___ 18. Donated Capital for Industrial Park Building Site from Toma City
___ 19. Trademarks
___ 20. Finished Goods
___ 21. Cash Dividends Payable
___ 22. Bond Sinking Fund
___ 23. Short-Term Investments
___ 24. Retained Earnings
___ 25. Advances to Affiliated Company (long-term)
___ 26. Cash Surrender Value of Life Insurance
___ 27. Equipment under Capital Lease
___ 28. Additional Paid-in Capital on Preferred Stock
___ 29. Interest Receivable (due in 5 months)
___ 30. Office Supplies
___ 31. Accrued Pension Cost
___ 32. Capital Lease Obligation
___ 33. Investment in 8-Year Certificates of Deposit
___ 34. Unearned Ticket Sales
___ 35. Estimated Warranty (6-month) Obligations
___ 36. Unrealized Decrease in Value of Available-for-Sale Securities
___ 37. Cash

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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