250000 investment in available for sale of securities, long t Bond sinking fund

Question

250000 investment in available for sale of securities, long t Bond sinking fund Total long-term investments Property, plant and equipment Buildings Less accumulated d Equipment ess accumula Land Land held Total Pr Intagibl Franchi Goodwi Total in Problem 4 (20 Points) Presented below are the captions of Chan (a) Current assets. (b) Investments. e) Property, plant, and equipment. (h) Capital stock (d) Intangible assets. Company's balance sheet () Current liabilities (R) Non-current liabilities. Total a (0) Additional paid-in capital (e) Other assets. Retained earnings. Instructions Indicate by letter where each of the following 1. Land held for future expansion items would be classified. 9. Trading securities. 2. Prepaid insurance. 10. Preferred stock. 3. Taxes payable. 11. Allowance for doubtful accounts 4. Bonds payable (due in 10 year). 12. Accounts receivable. 5. Notes payable (due next year). 13. Goodwill. 6. Paid in capital in excess of par. 14. Current portion of long-term debt. 7. Wages payable. 15. Buildings. 8. Merchandise inventory 16. Premium on bonds payable

Explanation / Answer

1 PROPERTY,PLANT & EQUIPMENT 2 CURRENT ASSET 3 CURRENT LIABILITIES 4 NON CURRENT LIABILITIES 5 CURRENT LIABILITIES 6 ADDITIONAL PAID IN CAPITAL 7 CURRENT LIABILITIES 8 CURRENT ASSET 9 CAPITAL STOCK 10 CAPITAL STOCK 11 CURRENT ASSET 12 CURRENT ASSET 13 INTANGIBLE ASSET 14 NON CURRENT LIABILITIES 15 PROPERTY,PLANT & EQUIPMENT 16 NON CURRENT LIABILITIES

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