alec H assignment 7 - BUA 201 Spring 2017 Assignment#7(20 pts Instructor Dr Henri Akono Due date Monday(Thursday Student Name_Alec Hazlewood Spring 2017

alec H assignment 7 - BUA 201 Spring 2017 Assignment#7(20...

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BUA 201 – Spring 2017 Assignment #7 (20 pts) Instructor: Dr. Henri Akono Due date: Monday 04/27/2016 (Thursday) Student Name: _Alec Hazlewood____________________________ Spring 2017 – Assignment #7 – BUA 201 [Principles of Financial Accounting]. Kimmel 7/8 Page 1
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Exercise1_Score: _____________________________ Exercise2_Score: _____________________________ Total_ Assignment #7_Score: _____________________________ Spring 2017 – Assignment #7 – BUA 201 [Principles of Financial Accounting]. Kimmel 7/8 Page 2
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Chapter 2: A Further Look at Financial Statements: The Classified Balance Sheet. Exercise 1 (10 PTS): The following are the major balance sheet classifications. Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE) Common stock (CS) Intangible assets (IA) Retained earnings (RE) Instructions Classify each of the following financial statement items taken from Inshore Corporation’s balance sheet. _CL___ Accounts payable ___CA_ Inventory _CA___ Accounts receivable __LTI__ Stock investments (to be sold in 18 months) __PPE__ Land __PPE__ Buildings __CL__ Mortgage payable _CA___ Cash _CA___ Supplies _CA___ Interest receivable
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