Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 15 Aug 2017 My Price 8.00

Salaries payable

8.   Balance sheet classification. GAAP classifies items on the balance sheet in one of the fol- lowing ways:

Asset (A) Liability (L)

Shareholders’ equity (SE)

Item that would not appear on the balance sheet as conventionally  prepared under GAAP. (N/A)

Using the abbreviations, indicate the appropriate classification of each of the following items. If  you can find no basis in the chapter for giving an answer, then   speculate.

a.   Salaries payable

b.   Retained earnings

c.    Notes receivable

 

64                                 Chapter 2     The  Basics  of  Record  Keeping  and  Financial  Statement  Preparation:  Balance Sheet

 

 

 

d.   Unfilled customers’ orders

e.    Land

f.    Interest payable

g.   Work-in-process inventory

h.   Mortgage payable

i.     Organization costs

j.     Advances by customers

k.   Advances to employees

l.     Patents

m. Good credit standing

n.   Common stock

 

Answers

(5)
Status NEW Posted 15 Aug 2017 11:08 AM My Price 8.00

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