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The Following Accounts Appear in an Adjusted Trial Balance of Brock

Question 188

Matching

The following accounts appear in an adjusted trial balance of Brock Pool Service Company.Indicate whether each account would be reported in the (a)current assets, (b)property,plant,and equipment, (c)current liabilities, (d)long-term liabilities,or (e)stockholders' equity section of the December 31,2011,balance sheet of Brock Pool Service Company.

Premises:
Retained Earnings
Accounts Receivable
Mortgage Payable
Cash
Equipment
Unearned Revenues
Accumulated Depreciation
Notes Payable due in 2014
Responses:
stockholders’ equity
current liabilities
current assets
property, plant, and equipment
long-term liabilities, or

Correct Answer:

Retained Earnings
Accounts Receivable
Mortgage Payable
Cash
Equipment
Unearned Revenues
Accumulated Depreciation
Notes Payable due in 2014
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