Balance Sheet Component Matching Exercise

Table of Contents
BS Component Matching Exercise

Notes
This Excel model is for educational purposes only and should not be used for any other reason.
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Balance Sheet Component Matching Exercise
A company has the following balance sheet accounts:

Account Description
Accounts receivable
Income taxes payable
Long-term debt
Contingencies
Property, plant & equipment
Inventory
Current portion of capital lease obligation
Cash and equivalents
Common shares/stock
Current portion of long-term debt
Goodwill
Deferred income tax assets (expected to reverse in 12 months)
Unearned revenue
Accounts payable
Retained earnings
Intangible assets
Capital lease obligation
Accrued liabilities
Prepaid expenses
Preferred shares/stock

Requirements:

Part I. Provide a brief description of what each account contains.

Part II. Using the attached template, place the accounts in the appropriate place on the balance sheet.

Balance Sheet
Assets Liabilities
Current assets: Current liabilities:

Total current assets

Total current liabilities
Non-current assets:
Non-current liabilities:

Total non-current assets

 Total non-current liabilities

Shareholders' equity

Total assets Total liabilities and shareholders' equity

n the balance sheet.
hareholders' equity