The balance sheet contains the major sections (a-k) listed below. A listing of balance sheet accounts follows.
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a.
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Current assets
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g.
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Long-term liabilities
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b.
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Long-term investments
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h.
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Other liabilities
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c.
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Property, plant, and equipment
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i.
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Contributed capital
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d.
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Intangible assets
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j.
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Retained earnings
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e.
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Other assets
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k.
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Accumulated other comprehensive
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f.
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Current liabilities
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income
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1.
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Work in process inventory
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2.
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Trademarks
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3.
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Sales revenue
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4.
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Cash surrender value of life insurance policy
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5.
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Additional paid-in capital on common stock
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6.
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Purchase discounts
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7.
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Unrealized decrease in value in available for sale securities
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8.
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Allowance for uncollectible accounts receivable
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9.
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Interest payable
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10.
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Sinking fund for preferred stock retirement
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11.
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Bonds payable (due in 10 years)
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12.
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Leased machinery under a capital lease
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13.
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Unexpired insurance
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14.
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Deferred income tax payable - noncurrent
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15.
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Unearned ticket sales
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Required:
Using the letters , indicate in which section of the balance sheet each of the accounts would be classified. Put a hyphen (-) after the letter used if it represents a contra account. If the account does not appear on the balance sheet, place an "X" in the space provided.