BUA 201 Assignment 2 - BUA 201 Spring 2016 Assignment#2(20 pts Instructor Dr Henri Akono Due date Thursday Student Name Connor Violette Exercise1_Score

BUA 201 Assignment 2 - BUA 201 Spring 2016 Assignment#2(20...

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BUA 201 – Spring 2016 Assignment #2 (20 pts) Instructor: Dr. Henri Akono Due date: Thursday 02/04/2016 Student Name: Connor Violette Exercise1_Score: _____________________________ Exercise2_Score: _____________________________ Total_ Assignment #2_Score: _____________________________ BUA 201_Spring 2016_Assignment #2 1
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Chapter 2: A Further Look at Financial Statements. 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)InstructionsClassify 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 PPE__ Supplies CA__ Interest receivable PPE__ Equipment IA__ Goodwill CA__ Prepaid rent LTL__ Notes payable IA__ Copyrights IA__ Unearned sales revenue LTL__ Bonds payable CL__ Salaries and Wages payable IA__ Patents RE__ Retained earnings BUA 201_Spring 2016_Assignment #2 2
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  • Spring '14
  • Balance Sheet, Current Liabilities, Prepaid rent, Generally Accepted Accounting Principles

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