Problem: Indicate which items are classified under the balance sheet. Match the letter to the answer.
a. Current Assets
b. Investments
c. Plant assets
d. Intangible assets
e. Other assets
f. Current liability
g. Long-term liability
h. Capital stock
i. Additional paid-in capital
j. Retained earnings
k. Notes to financial statements
L. Not reported on Balance sheet
1. Accrued salaries and wages
2. Rental revenues for 3 months collected in advance
3. Land used as plant site
4. Accrued interest payable due in 30 days
5. Premium on preferred stock issued
6. Dividends in arrears on preferred stock
7. unamortized discount on bonds payable due 2004 (the year for the problem is 2001)
8. Common stock at par value
9. Bond indenture covenants
10. Unamortized premium bonds payable in 2010 (year for the problem is 2001)
11. Allowance for doubtful accounts
12. Accumulated Depreciation
13. Natural Resource- Timberlands
14. Deficit (no net income earned since beginning of company)
15. Goodwill
16. Investment in bonds of another company , will be held to 2004 maturity (year for the problem is 2001)
17. Land held for speculation
18. Current maturity of bonds payable
19. INvestment in subsidary, no plans to sell in near future
20. Trade accounts payable
21. Preferred stock (10 par)
22. Prepaid rent for next 12 months
23. Accumulated amortization patents
24. Earnings not distributed to stockholders.