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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