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The Following Accounts Appear in an Adjusted Trial Balance of Brock

Question 197

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The following accounts appear in an adjusted trial balance of Brock Pool Service Company. Indicate whether each account would be reported in the current assets, property, plant, and equipment, current liabilities, long-term liabilities, or stockholders' equity section of the December 31, 2011, balance sheet of Brock Pool Service Company.

Premises:
Accounts Receivable
Unearned Revenues
Notes Payable (due in 2014)
Accumulated Depreciation
Retained Earnings
Equipment
Mortgage Payable
Cash
Responses:
current liabilities
current assets
stockholders' equity
property, plant, and equipment
long-term liabilities

Correct Answer:

Accounts Receivable
Unearned Revenues
Notes Payable (due in 2014)
Accumulated Depreciation
Retained Earnings
Equipment
Mortgage Payable
Cash
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