balancesheetandstatementofcashflows(编辑修改稿)

balancesheetandstatementofcashflows(编辑修改稿)内容摘要：

e n t s 1 7 7 , 0 0 0 T r a d e m a r k s 4 0 , 0 0 0 Balance Sheet – ―Noncurrent Assets‖ Tangible assets used in the regular operations of the business. B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ 531 Illustration 511 Balance Sheet Presentation of Property, Plant, and Equipment LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 532 T o t a l P P amp。 E 2 , 1 7 0 , 3 8 6 I n t a n g i b l e sG o o d w i l l 2 , 0 0 0 , 0 0 0 P a t e n t s 1 7 7 , 0 0 0 T r a d e m a r k 4 0 , 0 0 0 F r a n c h i s e s 1 2 5 , 0 0 0 C o p y r i g h t 5 5 , 0 0 0 T o t a l i n t a n g i b l e s 2 , 3 9 7 , 0 0 0 O t h e r a s s e t sP r e p a i d p e n s i o n c o s t s 1 3 3 , 0 0 0 D e f e r r e d i n c o m e t a x 4 0 , 0 0 0 T o t a l o t h e r 1 7 3 , 0 0 0 T o t a l A s s e t s 9 , 2 1 0 , 9 7 8$ Balance Sheet – ―Noncurrent Assets‖ B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ Intangibles Lack physical substance and are not financial instruments.  Limited life intangibles amortized.  Indefinitelife intangibles tested for impairment. LO 2 533 Intangibles (BE56): Patrick Corporation adjusted trial balance contained the following asset accounts at December 31, 2020: Prepaid Rent $12,000。 Goodwill $50,000。 Franchise Fees Receivable $2,000。 Franchises $47,000。 Patents $33,000。 Trademarks $10,000. Prepare the intangible assets section of the balance sheet. Intangibles Goodwill $ 50,000 Franchises 47,000 Patents 33,000 Trademarks 10,000 Total $140,000 LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 534 Intangible Assets Illustration 512 Balance Sheet Presentation of Intangible Assets LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 535 Items vary in practice. Can include:  Longterm prepaid expenses  Noncurrent receivables  Assets in special funds  Property held for sale  Restricted cash or securities Other Assets LO 2 Identify the major classifications of the balance sheet. Balance Sheet – ―Noncurrent Assets‖ 536 T o t a l P P amp。 E 2 , 1 7 0 , 3 8 6 I n t a n g i b l e sG o o d w i l l 2 , 0 0 0 , 0 0 0 P a t e n t s 1 7 7 , 0 0 0 T r a d e m a r k 4 0 , 0 0 0 F r a n c h i s e s 1 2 5 , 0 0 0 C o p y r i g h t 5 5 , 0 0 0 T o t a l i n t a n g i b l e s 2 , 3 9 7 , 0 0 0 O t h e r a s s e t sP r e p a i d p e n s i o n c o s t s 1 3 3 , 0 0 0 D e f e r r e d i n c o m e t a x 4 0 , 0 0 0 T o t a l o t h e r 1 7 3 , 0 0 0 T o t a l A s s e t s 9 , 2 1 0 , 9 7 8$ Balance Sheet – ―Noncurrent Assets‖ B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t a s s e t sC a s h 2 8 5 , 0 0 0$ Other Assets This section should include only unusual items sufficiently different from assets in the other categories. LO 2 537 “Obligations that a pany reasonably expects to liquidate either through the use of current assets or the creation of other current liabilities.” Classification in the Balance Sheet Current Liabilities B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t l i a b i l i t i e sN o t e s p a y a b l e 2 3 3 , 4 5 0$ A c c o u n t s p a y a b l e 1 3 1 , 8 0 0 A c c r u e d c o m p e n s a t i o n 4 3 , 0 0 0 U n e a r n e d r e v e n u e 1 7 , 0 0 0 I n c o m e t a x p a y a b l e 2 3 , 4 0 0 C u r r e n t m a t u r i t i e s L T d e b t 1 2 1 , 0 0 0 T o t a l c u r r e n t l i a b i l i t i e s 5 6 9 , 6 5 0 L o n g t e r m l i a b i l i t i e sL o n g t e r m d e b t 9 7 9 , 5 0 0 O b l i g a t i o n s c a p i t a l l e a s e 3 4 5 , 8 0 0 D e f e r r e d i n c o m e t a x e s 7 7 , 9 0 9 T o t a l l o n g t e r m l i a b i l i t i e s 1 , 4 0 3 , 2 0 9 S t o c k h o l d e r s 39。 e q u i t yLO 2 Identify the major classifications of the balance sheet. 538 Current Liabilities Illustration 513 Balance Sheet Presentation of Current Liabilities LO 2 Identify the major classifications of the balance sheet. Classification in the Balance Sheet 539 “Obligations that a pany does not reasonably expect to liquidate within the normal operating cycle.” All covenants and restrictions must be disclosed. LongTerm Liabilities B a l a n c e S h e e t ( i n t h o u s a n d s )C u r r e n t l i a b i l i t i e sN o t e s p a y a b l e 2 3 3 , 4 5 0$ A c c o u n t s p a y a b l e 1 3 1 , 8 0 0 A c c r u e d c o m p e n s a t i o n 4 3 , 0 0 0 U n e a r n e d r e v e n u e 1 7 , 0 0 0 I n c o m e t a x p a y a b l e 2 3 , 4 0 0 C u r r e n t m a t u r i t i e s L T d e b t 1 2 1 , 0 0 0 T o t a l c u r r e n t l i a b i l i t i e s 5 6 9 , 6 5 0 L o n g t e r m l i a b i l i t i e sL o n g t e r m d e b t 9 7 9 , 5 0 0 O b l i g a t i o n s c a p i t a l l e a s e 3 4 5 , 8 0 0 D e f e r r e d i n c o m e t a x e s 7 7 , 9 0 9 T o t a l l o n g t e r m l i a b i l i t i e s 1 , 4 0 3 , 2 0 9 S t o c k h o l d e r s 39。 e q u i t yLO 2 Identify the major classifications of the balance sheet. Classification in the Balance Sheet 540 LongTerm Liabilities (BE59): Included in Adams Company’s December 31, 2020, trial balance are the following accounts: Accounts Payable $220,000。 Pension Asset/Liability $375,000。 Discount on Bonds Payable $29,000。 Unearned Rev。