Using the letters below, classify the following accounts according to preferred and ordinary balance sheet presentation by matching the letter to the description. The company's year-end is December 31, 2015. (You can use a letter more than once)

A. Current Assets	F. Current Liabilities	H Equity
B. Long-term investments	G. Long-term liabilities	I. Items not reported in the Balance Sheet
C. Plant Property and Equipment (PP&E)
D. Intangibles
E. Other assets

1. Bond sinking fund. The bond expires on November 30, 2019.

2. stock trading

3. The long-term portion of a prepaid insurance policy that provides three years of coverage.

4. Tradename

5. Redemption value of the Life Insurance policy of key executives.

6. Accumulated charges to pay

7. Internally generated goodwill.

8. Discount on Bonds Payable with a maturity of 7 years.

9.uncontrolled interest

10. other comprehensive income

11. Allowance for doubtful accounts

12.The undistributed part of a company's profits.

Answer rating: 100% (QA)

ANS WER 1 B 2 I 3 A 4 D 5 E 6 F 7 D 8 G 9 H 10 H 11 F 12 H EX PL AN ATION 1 Bond sinking fund is a l... View the full answer