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accounting exams









General Accounting Discussions: Homework Help

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  1.  
    • CommentAuthorladybug
    • CommentTimeOct 3rd 2007
     
    I have some homework that I think I have the right answers on, but I thought I would see if anybody had an opinion on them. We were given the following catagories:

    Current Assets
    Investments
    Plant and Equipment
    Intangible Assets
    Other Assets
    Current Libilities
    Long-term liabilities
    Common stock and paid-in capital in excess of par
    Retained Earnings

    And then the following Items

    Cash in sinking fund
    Equipment retired from use and held for sale
    work in process
    Patents
    Payroll cash fund
    Good held on consignment
    Employees' payroll deduct
    accrued revenue on temp investments
    advances to sales force
    appropriation for bonded indebtedness
    premium on bonds payable due three yrs from date
    bank overdraft

    We are to match the bottom items with the catagoriy they belong in.

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