1. Classifications on Balance Sheet

   A balance sheet may contain the following major sections:

   1. Current assets
   2. Long-term investments
   3. Property, plant, and equipment
   4. Intangible assets
   5. Other assets
   6. Current liabilities
   7. Long-term liabilities
   8. Contributed capital
   9. Retained earnings
   10. Accumulated other comprehensive income

   Required:

   The following is a list of accounts. Using the letters A through J, indicate in which section of the balance sheet each account would most likely be classified. Then, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet. For all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no".

   Account	Classification	Contra or Deducted (Yes/No)
   1. Investments in Marketable Securities	A B C D E F G H I J	Yes No
   2. Discount on Bonds Payable (bonds due in 5 years)	A B C D E F G H I J	Yes No
   3. Additional Paid-in Capital on Common Stock	A B C D E F G H I J	Yes No
   4. Accounts Receivable	A B C D E F G H I J	Yes No
   5. Notes Payable (due in 5 years)	A B C D E F G H I J	Yes No
   6. Patents (net)	A B C D E F G H I J	Yes No
   7. Unrealized Decrease in Fair Value of Available-for-Sale Securities	A B C D E F G H I J	Yes No
   8. Preferred Stock	A B C D E F G H I J	Yes No
   9. Unearned Rent (to be earned within next 6 months)	A B C D E F G H I J	Yes No
   10. Accrued Pension Cost	A B C D E F G H I J	Yes No
   11. Trademarks	A B C D E F G H I J	Yes No
   12. Deficit	A B C D E F G H I J	Yes No
   13. Salaries Payable	A B C D E F G H I J	Yes No
   14. Land	A B C D E F G H I J	Yes No
   15. Investment in Ace Company Preferred Stock (to be held for 3 years)	A B C D E F G H I J	Yes No