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budget sheet
classified budget sheet
| Question | Answer |
|---|---|
| Current assets: | Cash Investment in equity securities Accounts receivable Allowance for uncollectible accounts Inventory Prepaid expenses |
| Property, plant, and equipment: | Land Buildings Equipment Less: Accumulated depreciation - buildings Less: Accumulated depreciation - equipment |
| Intangible assets: | Copyright (net) |
| Current liabilities: | Accounts payable Interest payable Deferred revenue Notes payable (current) Notes payable (current maturities of long-term debt) |
| Long-term liabilities: | Notes payable (long-term) |
| Shareholders’ equity: | Common stock Retained earnings |