WK# HW#
Posted: August 27th, 2021
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WK# HW#
Exercise Set B
EB11. Lo.53 For each of the following accounts. Identify in which section of the classified balance sheet it would be presented: Current assets, property, intangibles, other assets, current liabilities, long-term liabilities or stockholder’s equity.
| Accounts | Section of Classified Balance Sheet |
| Building | Fixed Assets |
| Cash | Current assets |
| Common Stock | Shareholder’s Equity |
| Copyright | Current Liabilities |
| Prepaid advertising | Current Liabilities |
| Notes Payables (due six months later) | Current liabilities |
| Taxes Payable | Current Liabilities |
| Unearned Rent Revenue | Current assets |
Problem Set B; PB12 and PB16 completed on excel
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