Exam 2 Flashcards
On the balance sheet where is investments in marketable securities located?
Current Assets
On the balance sheet where is discount on bonds payable(bonds due in 5 years) located?
Long Term Liabilities
On the balance sheet where is additional paid-in capital on common stock located?
Contributed capital
On the balance sheet where is accounts receivable located?
Current Assets
On the balance sheet where is notes payable(due in 5 years) located?
Long Term Liabilities
On the balance sheet where is patents(net) located?
Intangible assets
On the balance sheet where is unrealized decrease in fair value of available-for-sale securities located?
Accumulated other comprehensive income
On the balance sheet where is preferred stock located?
Contributed capital
On the balance sheet where is unearned rent(to be earned within next 6 months)located?
Current liabilities
On the balance sheet where is accrued pension cost located?
Long term liability
On the balance sheet where is trademarks located?
Intangible assets
On the balance sheet where is deficit located?
Retained earnings
On the balance sheet where is salaries payable located?
Current Liabilities
On the balance sheet where is land located?
PPE
On the balance sheet where is investment in Ace Company preferred stock(to be held for 3 years) located?
Long Term Investment
On the balance sheet where is cash located?
Current Assets
On the balance sheet where is bonds payable(due in 8 years) located?
Long Term Liabilities
On the balance sheet where is machinery located?
PPE
On the balance sheet where is deficit located?
Retained Earnings
On the balance sheet where is unexpired insurance located?
Current assets
On the balance sheet where is franchise(net) located?
Intangible assets
On the balance sheet where is fund to retire preferred stock located?
Long Term Investments
On the balance sheet where is current portion of mortgage payable located?
Current Liabilities
On the balance sheet where is accumulated depreciation located?
PPE
On the balance sheet where is copyrights located?
Intangible assets
On the balance sheet where is investment in held-to-maturity bonds located?
Long term investments
On the balance sheet where is allowance for doubtful accounts located?
Current assets
On the balance sheet where is notes receivable(due in 3 years) located?
Long term investments
On the balance sheet where is property taxes payable located?
Current liabilities
On the balance sheet where is deferred taxes payable located?
Long term liabilities
On the balance sheet where is additional paid in capital on preferred stock located?
Contributed capital
On the balance sheet where is premium on bonds payable (due in 8 yrs) located?
Long term liabilities
On the balance sheet where is work in process located?
Current assets
On the balance sheet where is common stock, $1 par located?
Contributed capital
On the balance sheet where is land located?
PPE
On the balance sheet where is treasury stock( at cost) located?
Contributed capital
On the balance sheet where is unrealized increase in value of available-for-sale securities located?
Accumulated other comprehensive income
