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B-04.08
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Liz Ross Corporation prepares a classified balance sheet that includes the following
traditional sections:
Current Assets
Long-term Investments
Property, Plant & Equipment
Intangibles
Other Assets
Current Liabilities
Long-term Liabilities
Stockholders' Equity
In which section of the classified balance sheet would the following accounts appear? Some
of the accounts may not appear in the balance sheet.
Note Payable (due in 3 months)
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Unformatted text preview: Payable (due 3 months) Accumulated Depreciation Investment in Government Bonds Accounts Receivable Accounts Payable Long-term Receivable From Employee Dividends Capital Stock Patent Supplies Retained Earnings (ending) Rent Expense Unearned Revenues Income Summary Equipment Revenues Prepaid Rent Interest Payable Retained Earnings (beginning) Loan Payable (due in 5 years)...
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- Spring '11
- hudack
- Accounting, Balance Sheet, Generally Accepted Accounting Principles, Liz ross corporation
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