Solved

Match the Following Balance Sheet Classifications with the Accounts Listed

Question 102

Matching

Match the following balance sheet classifications with the accounts listed below.

Premises:
Note Receivable from customer due in 5 years
Inventory
Common Stock
Interest Receivable
Building
Interest Payable
Land
Cash
Note Payable (Due in 10 Years)
Patent
Interest Expense
Note Receivable due in 60 days
1000 shares of Microsoft Stock
Salary Expense
Accounts Payable
Responses:
Intangible Assets
Stockholders' Equity
Investments
Current Assets
Property Plant and Equipment
Does not appear on the Balance Sheet
Long-Term Liabilities
Current Liabilities

Correct Answer:

Note Receivable from customer due in 5 years
Inventory
Common Stock
Interest Receivable
Building
Interest Payable
Land
Cash
Note Payable (Due in 10 Years)
Patent
Interest Expense
Note Receivable due in 60 days
1000 shares of Microsoft Stock
Salary Expense
Accounts Payable
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