Solved

The Following Lettered Items Represent a Classification Scheme for a Balance

Question 133

Matching

The following lettered items represent a classification scheme for a balance sheet,and the numbered items represent accounts.match the classification scheme to which account it belongs.

Premises:
Depreciation Expense
Interest Expense
Accumulated Depreciation
Prepaid Interest
Owner's Capital
Revenues Received in Advance
Inventory
Notes Payable (in five years)
Wages Payable
Trademark
Land Held for Future Use
Responses:
Owner's equity
Not on balance sheet
Long-term liabilities
Current liabilities
Current assets
Investments
Plant and equipment
Intangible assets

Correct Answer:

Depreciation Expense
Interest Expense
Accumulated Depreciation
Prepaid Interest
Owner's Capital
Revenues Received in Advance
Inventory
Notes Payable (in five years)
Wages Payable
Trademark
Land Held for Future Use
Related Questions

Q123: Describe how the current ratio is calculated.If

Q124: Why is it important for a company

Q125: State the definition of a current asset.

Q126: Use the following information to calculate the

Q127: Use the following information to calculate the

Q128: Using the following amounts taken from the

Q129: Bill Pierce owns several ice cream shops

Q130: Using the following amounts taken from the

Q131: Each of the following statements is justified

Q132: Each of the following statements violates a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents