AC$116"$F$-$Chapter" Test

Which of the following accounts would be considered an asset account?

a$.$ Common Stock$-$$$1$ par

b$.$ PIC$-$Common

c$.$ Bonds Payable

d$.$ Premium on Bonds Payable

e$.$ HTM Debt Investments

Which of the following would be considered a liability account?

a$.$ Loss on Investment Sale

b$.$ Interest Expense

c$.$ HTM Debt Investments

d$.$ Treasury Stock$-$Common

e$.$ Discount on Bonds Payable

Which of the following would be considered an equity account?

a$.$ HTM Debt Investments

b$.$ Equity Investments

c$.$ Common Stock$-$$$1$ par

d$.$ Mortgages Payable

e$.$ Notes Payable

On a company's classified balance sheet, which of the following accounts would most

likely be reported as a noncurrent asset?

a$.$ Buildings

b$.$ Common Stock$-$$$1$ par

c$.$ Treasury Stock$-$Common

d$.$ Bonds Payable

e$.$ Premium on Bonds Payable

On a company's classified balance sheet, which of the following accounts would most

likely be reported under long$-$term debt?

a$.$ Interest Expense

b$.$ Cash Dividends

c$.$ Discount on Bonds Payable

d$.$ Retained Earnings

e$.$ Accounts Payable

On a company's classified balance sheet, which of the following accounts would be

included under the company's total paid$-$in capital?

a$.$ Common Stock$-$$$1$ par

b$.$ Treasury Stock$-$Common

c$.$ Retained Earnings

d$.$ Notes Payable

e$.$ Equity Investments