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In: Accounting

A list of accounts follows: Accounts Receivable Pension Obligation (non-current) Land Bonds Payable (due in four...


A list of accounts follows:

Accounts Receivable Pension Obligation (non-current)
Land Bonds Payable (due in four years)
Salaries and Wages Payable Prepaid Rent
Land Held for Future Plant Site Buildings
Accumulated Depreciation—Buildings Dividends
Loss on Impairment Cash
Accumulated Depreciation—Equipment Cost of Goods Sold
Notes Payable (due in six months) Restricted Cash
Accumulated Other Comprehensive Income Notes Receivable (due in five years)
Intangible Assets—Patents (net of accumulated amortization) Commission Expense
Advances to Employees Retained Earnings
Advertising Expense Common Shares
Petty Cash Sales Revenue
Allowance for Doubtful Accounts Intangible Assets—Copyrights (net of accumulated amortization)
Preferred Shares Dividends Payable
FV-OCI Investments Selling Expenses
Equipment Inventory
Income Tax Payable Unearned Revenue
Gain on Disposal of Equipment Unrealized Gain or Loss—OCI
FV-NI Investments
Interest Receivable


Prepare a classified statement of financial position in good form, without specific amounts. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

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Expert Solution

Company Name
Classified statement of financial position
Month Date, Year
Assets
Current assets:
Cash and cash equivalent (include Petty Cash) XXXX
FV-NI Investments XXXX
Accounts Receivable XXXX
Allowance for Doubtful Accounts (less) (XXX) XXXX
Inventory XXXX
Prepaid Rent XXXX
Advances to Employees XXXX
Interest Receivable XXXX
Total Current Assets XXXX
Investments:
FV-OCI Investments XXXX
Restricted Cash XXXX
Notes Receivable (due in five years) XXXX
Land Held for Future Plant Site XXXX
Total investments XXXX
Property, plant and equipment:
Land XXXX
Buildings XXXX
     Accumulated Depreciation—Buildings (less) (XXX) XXXX
Equipment XXXX
     Accumulated depreciation-Equipment (less) (XXX) XXXX
Total Property, plant and equipment XXXX
Intangible assets:
Intangible Assets—Patents (net) XXXX
Intangible Assets—Copyrights (net) XXXX
Total intangible assets XXXX
Total assets XXXXX
Liabilities
Current liabilities:
Unearned Revenue XXXX
Salaries and Wages Payable XXXX
Income Tax Payable XXXX
Pension Obligation (non-current) XXXX
Dividends Payable XXXX
Notes Payable (due in six months) XXXX
Total current liabilities XXXX
Long-term liabilities:
Bonds Payable (due in four years) XXXX
Total long term liabilities XXXX
Total liabilities XXXX
Stockholders' Equity
Common Stock XXXX
Preferred Stock XXXX
Retained Earnings XXXX
Accumulated Other Comprehensive Income XXXX
Total stockholders' equity XXXX
Total liabilities and stockholders' equity XXXXX

ekkarill92 answered 2 years ago
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