Balance Sheet a. Current Assets b. Investments c. Plant assets I d. Intangible assets e Other assets f. Current liabilit

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Balance Sheet A Current Assets B Investments C Plant Assets I D Intangible Assets E Other Assets F Current Liabilit 1 (30.5 KiB) Viewed 66 times

Balance Sheet a. Current Assets b. Investments c. Plant assets I d. Intangible assets e Other assets f. Current liabilities 9. Long-term liabilities h. Capital stock i Retained earnings Accumulated other comprehensive income (loss)u. Not reported on financial statements k. Notes to financial statements v. Prior period adjustment Multiple step income statement 1. Sales m. Cost of goods sold n. Operating expenses-selling o. Operating expense-G&A p. Other revenues and gainst q. Other expenses and losses r. Discontinued Operations Indicate by use of the above letters how each of the following items would be presented in the financial statements of a company using a multiple step income statement and a classified balance sheet prepared at December 31, 2021. If a contra account, or any amount that is that is negative or opposite the normal balance, put parentheses around the letter selected. A letter may be used more than once or not at all. 1. Investment in commerical paper with an original maturity of 180 days 3. Goodwill s. Extraordinary Item t. Other Comprehensive income(loss) 2. Accumulated minimum pension liability adjustment losses 4. Allowance for Doubtful Accounts 6. Earnings not distributed to stockholders 5. Debt securities classified as held to maturity 7. Unrealized gain on available for sale securities in 2021