Under the column Financial Statement, choose from the list of codes below, the appropriate financial statement...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Under the column Financial Statement, choose from the list of codes below, the appropriate financial statement a. accounts listed would appear. Financial Statement Code Income Statement 1/S Balance Sheet B/S Statement of Owner's Equity O/E For the column Balance Sheet Classification, choose the appropriate balance sheet classification from the list of codes b. If the account does not belong on the balance sheet, use the code n/a. Balance Sheet Classification Code Current Assets CA Long term Investments LTI Property, Plant and Equipment PPE Intangibles Goodwill Current Liabilities CL Non-Current Liabilities NCL Owner's Equity OE Not on the Balance Sheet n/a Accounts in financial statement Financial Statement Balance Sheet Cassification Accumulated depreciation -furnriture Interest revenue Furniture Depreciation expense Trademarks (indefinite life) Rent expense Salaries payable Accounts payable Interest expense Mortgage payable, due in 5 years Prepald rent V.Chehade drawings Salaries expense Prepaid insurance Cash Accounts recelvable Supplies Notes payable, due in 6 months Supplies epense Service reverue Long term investment Advertising opense Coodwill > > Goodwill Utilities expense Notes payable, due in 2 years Unearned revenue Repair parts inventory Patents (finite life) Interest payable > > > Under the column Financial Statement, choose from the list of codes below, the appropriate financial statement a. accounts listed would appear. Financial Statement Code Income Statement 1/S Balance Sheet B/S Statement of Owner's Equity O/E For the column Balance Sheet Classification, choose the appropriate balance sheet classification from the list of codes b. If the account does not belong on the balance sheet, use the code n/a. Balance Sheet Classification Code Current Assets CA Long term Investments LTI Property, Plant and Equipment PPE Intangibles Goodwill Current Liabilities CL Non-Current Liabilities NCL Owner's Equity OE Not on the Balance Sheet n/a Accounts in financial statement Financial Statement Balance Sheet Cassification Accumulated depreciation -furnriture Interest revenue Furniture Depreciation expense Trademarks (indefinite life) Rent expense Salaries payable Accounts payable Interest expense Mortgage payable, due in 5 years Prepald rent V.Chehade drawings Salaries expense Prepaid insurance Cash Accounts recelvable Supplies Notes payable, due in 6 months Supplies epense Service reverue Long term investment Advertising opense Coodwill > > Goodwill Utilities expense Notes payable, due in 2 years Unearned revenue Repair parts inventory Patents (finite life) Interest payable > > >
Expert Answer:
Answer rating: 100% (QA)
Answer Classification Table is as follow Accounts in Financial Statement Financial ... View the full answer
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date:
Students also viewed these accounting questions
-
An object moving with uniform acceleration has a velocity of 13.0 cm/s in the positive x direction when its x coordinate is 3.30 cm. If its x coordinate 1.95 s later is -5.00 cm, what is its...
-
Land comprises 1170 million of Norsk Hydros property plant and equipment and land is not depreciated Comment on the age of the companys depreciable assetsthat is all property plant and equipment...
-
A UK company buys Property Plant and Equipment (PP&E) on January 1 2014. The carrying amount at the end of 2014 is $200,000. The recoverable amount is $300,000 on that date. Total Impairment Losses...
-
A firm makes three types of furniture: beds, chairs and tables. The manufacturing times required to make them, the profit and capacity available at each work centre are given below; To make one unit...
-
1. Carry out the regression and find the for the stock. What is the regression equation? 2. Does the value of the slope indicate that the stock has above-average risk? (For the purposes of this case...
-
Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 31, 2016, Missouri River Supply incorrectly...
-
Consider the multiple linear regression model for the rental price data in Problem 3.42. Problem 3.42 Table B.24 contains data on median family home rental price and other data for 51 US cities. Fit...
-
Peerless Windows is a major manufacturer and installer of windows into new homes. Currently, management has found that it has experienced a large number (about 15% of all orders placed) of customer...
-
Each question below is 1 point each, for a total of 3 extra credit points. There is no time limit on this. 1. What are free cash flows? 2. Explain the difference between a company's operating cash...
-
Gold has a density of 19.3 g/mL. Suppose you have 100.0 glonkins of gold. What volume in liters will the gold occupy? Here are some conversion factors to help you: 0.911 ounce per glonkin and 28.35 g...
-
There are four basic financial reports that comprise financial statements. These will differ slightly depending upon whether the company is operating under IRS or ASPE. List the names of these...
-
The pressure in a container is 52 kPa. If this pressure is measured using a manometer (U-tube) with one end exposed to atmospheric pressure (101.325 kPa), and is filled with a substance having...
-
Solve: vr +4-r+2=0.
-
Solve the equation. K w +11w+24=0
-
Alicia, Arturo, and Adam took part in a walk for a charity. Each had sponsors who agreed to contribute 2 dollars for each mile their student walked. Alicia walked 8 miles and had 11 sponsors. Arturo...
-
At mail time you receive a check for $143 and a bill for $393. Determine whether you are richer or you are poorer and by what amount. Write an integer corresponding to the situation. Are you richer...
-
The population of a town is growing linearly. Last year, the population was 100,000. This year, the population is 120,000. What will be the town's population 4 years from now?
-
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.
-
Larrisa Enterprises, Inc., owns and operates a chain of mini-mart stores in a popular summer resort area. Business is highly seasonal with about 80% of annual sales occurring during June, July, and...
-
An Excel spreadsheet provides an example of an application program that can be used as a simple database. Required Describe the applications that a spreadsheet can provide and how a spreadsheet could...
-
On January 1, 2004, Alicia invested $4,000 in a savings account. At the end of January, the account balance had increased to $4,020. The balance at the end of February was $4,040.10. The balance at...
-
Figure 25. 13 shows both the electric field lines and the equipotentials associated with the given charge distribution. (a) Is the potential at point A higher than, lower than, or the same as the...
-
The negative terminal of a \(9-\mathrm{V}\) battery is connected to ground via a wire. (a) What is the potential of the negative terminal? (b) What is the potential of the positive terminal? (c) What...
-
Two small pith balls, initially separated by a large distance, are each given a positive charge of \(5.0 \mathrm{nC}\). By how much does the electric potential energy of the two-ball system change if...
Study smarter with the SolutionInn App