A list of accounts follows: Accounts Receivable Land Salaries and Wages Payable Land Held for Future Plant
Question:
Accounts Receivable
Land
Salaries and Wages Payable
Land Held for Future Plant Site
Accumulated Depreciation- Buildings
Loss-Other
Accumulated Depreciation- Equipment
Notes Payable (due in six months)
Accumulated Other Comprehensive Income
Intangible Assets-Patents (net of accumulated amortization)
Advances to Employees
Pension Obligation, non-current
Premium on Bonds Payable
Bonds Payable
Prepaid Rent
Buildings
Purchase Returns and Allowances
Cash
Purchases
Restricted Cash
Notes Receivable (due in five years)
Commission Expense
Retained Earnings
Advertising Expense
Petty Cash
Allowance for Doubtful Accounts
Preferred Shares
Fair Value-OCI Investments
Equipment
Income Tax Payable
Gain on Sale of Equipment
FV-NI (Fair Value- Net Income) Investments
Interest Receivable
Common Shares
Sales Revenue
Intangible Assets-Copyrights (net of accumulated amortization)
Sales Discounts
Dividends Payable
Selling Expenses
Inventory
Unearned Subscriptions Revenue
Unrealized Holding Gain or Loss-OCI
The Loss-Other account contains a loss due to a flood during the year.
Instructions
Prepare a classified statement of financial position in good form, without monetary amounts.
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...
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Related Book For 
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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