BS Accounts

Warranty Obligation goes where on the blance sheet?

• Assets on the balance sheet
• Equity section of the balance sheet
• Revenue recognition on the balance sheet
• Liabilities (current or long-term) on the balance sheet

Treasury Stock goes where on the balance sheet and has what balance (debit or credit)?

• Treasury Stock goes in the liability section of the balance sheet and has a credit balance.
• Treasury Stock goes in the asset section of the balance sheet and has a credit balance.
• Treasury Stock goes in the equity section of the balance sheet and has a credit balance.
• Treasury Stock goes in the equity section of the balance sheet and has a debit balance.

Where does and AFS security go on the balance sheet?

• AFS securities are recorded as intangible assets.
• AFS securities go under non-current assets on the balance sheet.
• AFS securities are listed under equity on the balance sheet.
• AFS securities are classified as current liabilities.

Where does a bond sinking fund go on the balance sheet?

• Long-term Liability

• Equity

• Long-term asset
• Current liability

Dividends payable go where on the balance sheet?

• Assets
• Equity
• Current Liabilities

• Long-term Liabilities

Trademark goes where on the balance sheet?

• Equity
• Liabilities
• Intangible Assets

• Current assets

Prepaid Rent goes where on the balance sheet?

• Current Liabilites

• Current Assets

• Equity
• Long-term Liabilities

Factory goes where on the balance sheet

• Current Assets
• Intangible Assets
• Property, Plant, and Equipment (PP&E)
• Liabilities