Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Can you please classify the following accounts whether non/current assets, non/curren (https://www.askmehelpdesk.com/showthread.php?t=583133)

  • Jun 20, 2011, 10:49 PM
    sukkiri
    Can you please classify the following accounts whether non/current assets, non/curren
    Can you please classify the following accounts whether non/current assets, non/current liab. equity, or notes to financial statements

    *accrued interest on bonds payable
    *accrued rental income
    *accrued interest on note receivable
    *advances to suppliers
    *advances to affiliated entities
    *the entity is a defendant in a lawsuit for a certain amount. The loss is reasonably possible.
    *destruction of entire plant by earthquake after the end of reporting period but before issuance of statements.
    *fully depreciated machinery still in use.
    *share capital
    *retained earnings unappropriated
    *financial assets held for trading
    *investment in associates
    *estimated warranty liability
    *sinking fund for the payment of bond payable due next year
    *installment accounts receivable, average normal collection period, 18 months.
    *leasehold improvement
    *retained earnings appropriated
    *share premium
    *stock dividend payable
    *trademark
    *goodwill
    *long-term refundable deposit
    *premium on bonds payable due in 5 years
    *building that is being constructed for use as investment property.
    *franchise
    *treasury shares
    *deficit
    *equipment classified as "held for sale"
    *unearned rent revenue
    *accumulated depreciation
    *cash dividends payable
    *revaluation surplus
    *land held for future plant site small tools used in business
    *correction of an error made last year when computing depreciation resulting to overstatement of income last year.

  • All times are GMT -7. The time now is 11:12 PM.