Question: Give right answer kudos! Use the drop down menu to match the balance sheet items below with the correct balance sheet classification: 1. Preferred Stock
Use the drop down menu to match the balance sheet items below with the correct balance sheet classification: 1. Preferred Stock Select 2. Accrued Salaries Select 3.Cash surrender value of life insurance Select 4. Income tax payable Select ! 5. Unrealized loss on available for sale (AFS) securities Select 6. Interest payable Select 7. Work in process inventory Select 8. Debt investment (trading Select) 9. Accounts receivable trade Select] 10. Accumulated depreciation equipment Select 11. Land in use Select 12. Dividends payable Select 13. Discount on bonds payable Select 14. Goodwin Select 15. Land held for speculation Select 16. Prepaid insurance (6 month prepayment) Select 17. Note receivable (due in 2 years) Select 18. Paid-in-capital in excess of par preferred stock Select] 19. Note payable (due in 6 months) Select 20. Petty cash Select)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
