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    Balance sheet accounts

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    Please help with the following problem:

    A) current assets
    b) investments
    c) property, plant, and equipment
    d) Intangible assets
    e) other assets
    f) current liabilities
    g) non-current liabilities
    h) capital stock
    i) additional paid in capital
    j) retained earnings

    And these are the items to be classified:

    1. preferred stock
    2. goodwill
    3. wages payable
    4. trade accounts payable
    5. buildings
    6. trading securities
    7. current portion of long-term debt
    8. premium on bonds payable
    9. allowance for doubtful accounts.
    10. accounts receivable
    11. cash surrender value of life insurance
    12. notes payable (due next year)
    13. office supplies
    14. common stock
    15. land
    16. bond sinking fund
    17. merchandise inventory
    18. prepaid insurance
    19. bonds payable
    20. taxes payable

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    Solution Preview

    1. Preferred stock = capital stock
    2. Goodwill = intangible assets
    3. Wages payable = current liab
    4. Trade a/p = current liab
    5. Buildings = Property, plant, and equipment
    6. Trading ...

    Solution Summary

    This solution helps with a problem regarding balance sheet accounts.