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The Following Accounts Appear in an Adjusted Trial Balance of Brock

Question 160

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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 (a)current assets, (b)property,plant,and equipment, (c)current liabilities, (d)long-term liabilities,or (e)stockholders' equity section of the December 31,2011,balance sheet of Brock Pool Service Company.

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

Correct Answer:

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