Question: The balance sheet contains the major sections (a-k) listed below. A listing of balance sheet accounts (1-15) follows. a. Current assets g. Long-term liabilities b.

The balance sheet contains the major sections (a-k) listed below. A listing of balance sheet accounts (1-15) follows.

a.

Current assets

g.

Long-term liabilities

b.

Long-term investments

h.

Other liabilities

c.

Property, plant, and equipment

i.

Contributed capital

d.

Intangible assets

j.

Retained earnings

e.

Other assets

k.

Accumulated other comprehensive

f.

Current liabilities

income

1.

Work in process inventory

2.

Trademarks

3.

Sales revenue

4.

Cash surrender value of life insurance policy

5.

Additional paid-in capital on common stock

6.

Purchase discounts

7.

Unrealized decrease in value in available for sale securities

8.

Allowance for uncollectible accounts receivable

9.

Interest payable

10.

Sinking fund for preferred stock retirement

11.

Bonds payable (due in 10 years)

12.

Leased machinery under a capital lease

13.

Unexpired insurance

14.

Deferred income tax payable

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