PLUS WileyPLUS: MyW Kieso, Intermediate Accounting, IFRS, 2e STANDARD VIEW ESOURCES Exercise 5-3 Assume that Masters Enterprises uses the following headings on its statement of financial position. (a) Investments. (9) Current liabilities. (b) Property, plant, and equipment. (h) Share capital. (c) Intangible assets. (i) Share premium. (d) Other assets. 6) Retained earnings. (e) Current assets. (k) Accumulated other comprehensive income. (f) Non-current liabilities. Indicate by selecting the options how each of the following usually should be classified. If an item should appear in a note to the finan to indicate this fact. If an item need not be reported at all on the statement of financial position, use the letter "X" s by Study 1. N Prepaid insurance Shares owned in associated companies. 2. 3. Unearned service revenue. N 4. Advances to suppliers. 5. Unearned rent revenue. N 6. N 7. Share capital-preference. Share premium-preference. Copyrights. 8. 9. Petty cash fund. AI DOLL Pelly Cash runa. N 10. Sales taxes payable. Interest on notes receivable. 12. 13. 14. Twenty-year bonds payable that will mature within the next year. (No sinking fund exists, and refunding is not planned.) Accounts receivable. Unrealized gain on non-trading equity securities. Interest on bonds payable. Salaries that company budget shows will be paid to employees within the next year. 15. 16. 17. Accumulated depreciation-equipment. Question Attempts: 0 of 15 DELL