intermediate 1

preferred stock

capital stock

goodwill

intangible assets

salaries and wages payable

current liabilities

accounts payable

current liabilities

buildings

property, plant, and equipment

equity investments (to be sold within one yr)

current assets

current maturity of long-term debt

current liabilities

premium on bonds payable

noncurrent liabilities

allowance for doubtful accounts

current assets

accounts payable

current liabilities

notes payable (due next year)

current liabilities

supplies

current assets

common stock

capital stock

land

property, plant, and equipment

inventory

current assets

prepaid insurance

current assets

bonds payable

noncurrent liabilities

income taxes payable

current liabilities

stock owned in another company

long-term investments

unearned service revenue

current liabilities

advances to suppliers

current assets

unearned rent revenue

current liabilities

preferred stock

capital stock

additional paid-in capital on preferred stock

paid-in capital in excess of par

copyrights

intangible assets

petty cash fund

current assets

sales taxes payable

current liabilities

accrued interest on notes receivable

current assets

twenty-year issue of bonds payable that will mature within the next year

current liabilities

machinery retired from use and held for sale

current assets

fully depreciated machine still in use

property, plant, and equipment

accrued interest on bonds payable

current liabilities

discount on bonds payable (matured within the last year)

long-term liabilities

Accumulated Depreciation- buildings

property, plant, and equipment

issuance of common stock

financing activity

purchase of land and building

investing activity

redemption of bonds

financing activity

sale of equipment

investing activity

depreciation of machinery

operating activity-add to net income

amortization of patent

operating activity-add to net income

issuance of bonds for plant assets

reported as significant noncash activity

payment of cash dividends

financing activity

exchange of furniture for office equipment

reported as significant noncash activity

purchase of treasury stock

financing activity

loss on sale of equipment

operating activity-add to net income

increase in accounts receivable

operating activity-deduct from net income

decrease in accounts payable

operating activity-decrease from net income