Essay
A partial list of accounts for Johnson and Clark,in alphabetical order,is presented below:
Required:
Prepare a consolidated balance sheet in good format,without monetary amounts,for December 31,2012.Use the format Current Assets;Property,Plant,and Equipment;Investments;Intangibles;Current Liabilities;Long-Term Liabilities;and Stockholders' Equity.Do not use the accounts not found on the balance sheet.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Match each account to the proper account
Q5: The balance sheet reports:<br>A)the assets,liabilities,gains,and losses for
Q6: Long-term investments,usually stocks and bonds of other
Q7: The deferred compensation element of an equity-based
Q10: Deferred taxes are caused by using different
Q11: Match<br>-Goodwill<br>A)Current Assets<br>B)Tangible Assets<br>C)Investments<br>D)Intangibles<br>E)Other<br>F)Current Liability<br>G)Long-Term Liability<br>H)Capital Stock<br>I)Retained Earnings<br>J)Item
Q12: The following balance sheet,prepared by Whoops Bookkeeping
Q13: Under IFRS,reserves may result from upward revaluations
Q14: Match<br>-Unamortized Premium on Bonds Payable<br>A)Current Assets<br>B)Tangible Assets<br>C)Investments<br>D)Intangibles<br>E)Other<br>F)Current
Q18: Match each account name to the financial