Assume That Algary,Inc $\begin{array}{llcc} \text {BS-Balance Sheet } & \text { IS-Income Statement } & \text { RE-Retained Earnengs} &\\\end{array}$

question 35

Essay

Assume that Algary,Inc.uses the following financial statements for the year ended December 31,2012. $\begin{array}{llcc} \text {BS-Balance Sheet } & \text { IS-Income Statement } & \text { RE-Retained Earnengs} &\\\end{array}$

Categories on these statements follow:
$\begin{array}{ll}\text { A. } & \text { Current Assets } \\\text { B. } & \text { Investments } \\\text { C. } & \text { Fixed Assets } \\\text { D. } & \text { Intangible Assets } \\\text { E. } & \text { Current Liabilities } \\\text { F. } & \text { Long-Term Liabilities } \\\text { G. } & \text { Stockholders' Equity } \\\text { H. } & \text { Sales and Other Operating Revenue } \\\text { I. } & \text { Cost of Goods Sold } \\\text { J. } & \text { Operating Expenses } \\\text { K. } & \text { Other Income } \\\text { L. } & \text { Other Expense } \\\text { M. } & \text { Additions to Retained Earnings } \\\text { N. } & \text { Deductions from Retained Earnings }\end{array}$

Required:
Indicate by the statement abbreviation and category number how each of the following is best classified or where it is included in the computation.If an item is not reported anywhere,use the letter "X" to indicate this.Only the best answer should be selected.For balance sheet accounts only,if the account balance is normally opposite that of a typical account (contra),set off the answer in parentheses.Samples:
$\begin{array}{llcc}\underline{ \text { IS H } } & \text { Sales } &\\\underline{ \text { (BS C) }} &\text { Accumulated Depreciation } &\\\end{array}$

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Definitions:

Reproductive Tract

The system of organs within an organism that works together for the purpose of reproduction, including several parts such as ovaries or testes, and the uterus in females.

Heredity

The passing of traits from parents to their offspring through genes, influencing various characteristics and predispositions.

Constitutional Growth Delay

A pattern where children have a slower rate of growth and development, but eventually catch up to their peers in height and sexual maturation.

Human Growth Hormones

Peptide hormones secreted by the pituitary gland that stimulate growth, cell reproduction, and cell regeneration in humans and other animals.