Review for AC202

Receivable supplies 1800 equipment total assets

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Unformatted text preview: Assets Current Assets Cash Accounts receivable Supplies 1,800 Total Current Assets Long Term Investments Land (not used in business) IBM stock Total Long Term Investments Property Plant and Equipment Equipment Total Property Plant and Equipment $ 1,400 4,000 $ 7,200 $10,000 1,500 11,500 16,000 16,000 4th - list the Property Plant and Equipment and total Classified Balance Sheet Classified Balance Sheet Generally contains the following standard classifications under ASSETS: Current Assets Long­Term Investments Property, Plant, and Equipment Intangible Assets Intangible Assets Non­current assets Have no physical substance Examples: patents copyrights trademarks or trade names franchise Intangible Assets have value because of the exclusive rights or privileges they give the company. CSU CORPORATION Balance Sheet December 31, 2004 Assets Current Assets Cash Accounts receivable Supplies 1,800 Total Current Assets Long Term Investments Land (not used in business) IBM stock Total Long Term Investments Property Plant and Equipment Equipment Total Property Plant and Equipment Intangibles Copyrights Trademark Total Intangibles $ 1,400 4,000 $ 7,200 $10,000 1,500 11,500 16,000 16,000 2,000 1,500 3,500 5th - list the Intangibles and total CSU CORPORATION Balance Sheet December 31, 2004 Assets Current Assets Cash Accounts receivable Supplies 1,800 Total Current Assets Long Term Investments Land (not used in business) IBM stock Total Long Term Investments Property Plant and Equipment Equipment Total Property Plant and Equipment Intangibles Copyrights Trademark Total Intangibles Total assets $ 1,400 4,000 $ 7,200 $10,000 1,500 11,500 16,000 16,000 2,000 1,500 3,500 $38,200 6th – total the assets Classified Balance Sheet Classified Balance Sheet Generally contains the following standard classifications under ASSETS: Current Assets Long­Term Investments Property, Plant, and Equipment Intangible Assets You will always have these two categories. You often don’t have these two categories Classified Balance Sheet Classified Balance Sheet Generally contains the following standard classifications: Current Assets Long­Term Investments Property, Plant, and Equipment Intangible Assets Current Liabilities Long­Term Liabilities Stockholders' Equity A Classified Balance Sheet... Generally contains the following standard classifications: Current Assets Long-Term Investments Type of Property, Plant, and Equipment Asset Accounts Intangible Assets Current Liabilities Type of Long-Term Liabilities Liability Accounts Current Liabilities Obligations that are supposed to be paid within the coming year... accounts payable wages payable bank loans payable interest payable taxes payable current maturities of long­term bank loans payable CSU CORPORATION Balance Sheet December 31, 2004 Assets Current Assets Cash Accounts receivable Supplies Total Current Assets Property Plant and Equipment Equipment $ 16,000 Total Property Plant and Equipment Total assets Liabilities and Stockholders...
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This note was uploaded on 09/29/2013 for the course AC 202 taught by Professor Nancyeverett during the Fall '09 term at Park.

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