Use the same abbreviations as in 1-26 to answer the following question.
In 1-26
CA…………………………….. Current assets
NCA…………………………... Non-current assets CL Current liabilities
NCL…………………………… Non-current liabilities
SC……………………………… Share capital
RE……………………………... Retained earnings
IS………………………………. Statement of earnings item
SCF……………………………. Statement of cash flows item
Required:
Classify the following items according to where they would appear in the financial statements:
a. Intangible assets
b. Interest revenue
c. Cash collections from amounts owed by customers on account
d. Cost of developing a new advertising campaign
e. Earnings over the years that have not been paid to shareholders as dividends
f. Revenue from the provision of services to customers
g. Dividends paid
h. Increase in a bank loan (additional borrowings)
i. Office supplies used this year
j. An investment in the shares of another corporation (the intent is to not sell the investment in the near future)