how a balance sheet would be presented
Not what you're looking for?
1. Arrange the following items in proper balance sheet presentation.
Accumulated depreciation $200,000
Retained earnings 110,000
Cash 5,000
Bonds payable 142,000
Accounts receivable 38,000
Plant and equipment?original cost 720,000
Accounts payable 35,000
Allowance for bad debts 6,000
Common stock $1 par, 150,000 shares outstanding 150,000
Inventory 66,000
Preferred stock, $50 par, 1,000 shares outstanding 50,000
Marketable securities 15,000
Investments 20,000
Notes payable 83,000
Capital paid in excess of par (common stock) 88,000
Purchase this Solution
Solution Summary
The expert determines how a balance sheet would be presented.
Solution Preview
Here is how a balance sheet would be presented: (the most important point to remember, is that within each major category, items are sorted from the most liquid to most illiquid).
Assets
Current Assets
Cash 5,000
Marketable Securities ...
Purchase this Solution
Free BrainMass Quizzes
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Operations Management
This quiz tests a student's knowledge about Operations Management
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.