Question

1. Interest payable

   	A.	long-term liabilities
   	B.	current liabilities
   	C.	expense
   	D.	stockholder's equity
   	E.	current asset

QUESTION 20

1. Salaries payable

   	A.	long-term liabilities
   	B.	current liabilities
   	C.	expense
   	D.	intangible asset
   	E.	stockholder's equity

QUESTION 21

1. Current portion of long-term debt

   	A.	long-term liabilities
   	B.	current liabilities
   	C.	expense
   	D.	stockholder's equity
   	E.	property, plant & equipment

QUESTION 22

1. Mortgage payable

   	A.	long-term liabilities
   	B.	current liabilities
   	C.	expense
   	D.	long-term asset
   	E.	stockholder's equity

QUESTION 23

1. Common Stock

   	A.	long-term liabilities
   	B.	intangible asset
   	C.	current asset
   	D.	stockholder's equity
   	E.	property, plant & equipment

QUESTION 24

1. Trademarks

   	A.	current asset
   	B.	intangible asset
   	C.	property, plant & equipment
   	D.	revenue
   	E.	long-term investment

QUESTION 25

1. Retained Earnings

   	A.	current asset
   	B.	property, plant & equipment
   	C.	intangible asset
   	D.	revenue
   	E.	stockholder's equity

QUESTION 26

1. Accounts payable

   	A.	current asset
   	B.	property, plant & equipment
   	C.	intangible asset
   	D.	revenue
   	E.	current liability

QUESTION 27

1. Income taxes payable

   	A.	current asset
   	B.	property, plant & equipment
   	C.	intangible asset
   	D.	revenue
   	E.	current liability

QUESTION 28

1. Bonds payable

   	A.	current asset
   	B.	long-term investments
   	C.	property, plant & equipment
   	D.	intangible assets
   	E.	expense
   	F.	long-term liability

QUESTION 29

1. Treasury stock

   	A.	current asset
   	B.	long-term investment
   	C.	property, plant & equipment
   	D.	intangible asset
   	E.	contra-stockholder's equity

QUESTION 30

1. Loss on sale of equipment

   	A.	current asset
   	B.	intangible asset
   	C.	long-term investment
   	D.	property, plant & equipment
   	E.	not a balance sheet item

QUESTION 31

1. Dividends payable

   	A.	current asset
   	B.	current liability
   	C.	long-term liability
   	D.	stockholder's equity
   	E.	long-term investment

Answer 1

19.)	Interest Payable	Current Liabilities
20.)	Salaries Payable	Current Liabilities
21.)	Current portion of long-term debt	Current Liabilities
22.)	Mortgage payable	Long-term liabilities
23.)	Common Stock	Stockholder's equity
24.)	Trademarks	Intangible Assets
25.)	Retained Earnings	Stockholder's Equity
26.)	Accounts Payable	Current Liability
27.)	Income taxes payable	Current Liability
28.)	Bonds payable	Long-term liabilities
29.)	Treasury stock	Contra-stockholder's equity
30.)	Loss on sale of equipment	Not a balance sheet item
31.)	Dividends payable	Current Liability