For Each Account Listed, Identify the Category in Which It

question 10

Essay

For each account listed, identify the category in which it would appear on a classified balance sheet.
$\begin{array}{|l|l|r|} \hline&&\text { Location on a} \\ &\text { Account} &\text { Classified Balance Sheet }\\ \hline\text {a } & \text { Retained Earnings } \\ \hline \text { } & \text {Accumulated Depreciation - } \\ \text { b} & \text { Equipment } \\ \hline \text { c} & \text {Notes Payable (due in twoyears) } \\ \hline \text { d } & \text {Unearned Revenue (short-term) } \\ \hline \text { e} & \text {Salaries Payable } \\ \hline \text { f} & \text {Accounts Receivable } \\ \hline \text {g } & \text { Trademark} \\ \hline \text {h } & \text {Prepaid Rent (prepaid for six months) } \\ \hline\end{array}$

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Definitions:

Core Principles

Fundamental beliefs or guidelines that provide a foundational basis for a system, process, or approach.

Professionalism

The conduct, behavior, and attitude deemed appropriate for someone engaged in a profession or occupation.

Ethics Ombudsperson

An appointed official within an organization who provides confidential assistance and guidance to employees on ethical dilemmas or concerns.

Ethical Dilemmas

Complex situations where a person must choose between two or more conflicting moral imperatives, making the decision difficult.