A Administrative Expenses G Operating Revenues B Cost of Merchandise Sold H Othe

Question

A Administrative Expenses G Operating Revenues
B Cost of Merchandise Sold H Other Expenses
C Current Assets I Other Revenue
D Current Liabilities J Property, Plant and Equipment
E Investments K Selling Expenses
F Long-Term Liabilities L Stockholders’ Equity

25. Dividends Payable (due April 1, 2012)
26. Loss on Plant Assets
27. Paid-in Capital in Excess of Par—Common
28. Federal Corporate Income Tax Payable (due March 15, 2012)
29. Book value of accounts receivable
30. Interest Income
31. Merchandise Inventory as of January 1, 2011
32. Unearned Rental Income (will be earned by June 1, 2012)
33. Merchandise Inventory as of December 31, 2011
34. Retained Earnings

Explanation / Answer

25. Dividends Payable (due April 1, 2012)

D

26. Loss on Plant Assets

H

27. Paid-in Capital in Excess of Par—Common

L

28. Federal Corporate Income Tax Payable (due March 15, 2012)

D

29. Book value of accounts receivable

C

30. Interest Income

I

31. Merchandise Inventory as of January 1, 2011

B

32. Unearned Rental Income (will be earned by June 1, 2012)

D

33. Merchandise Inventory as of December 31, 2011

B and C

34. Retained Earnings

L

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