the various classifications listed below have been used in the past by LeRoy Company on its balance sheet.

a. Current assets

b. investments

c. plant and equipment

d. intangible assets

e. current liabilities

f. long-term liabilities

g. common stock and paid-in capitial in excess of par

h. retained earnings

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Indicate by letter how each of the items below should be classified at December 31, 2010. If an item is not reported on December 31, 2010 balance sheet, use the letter X for your answer. A letter may be used more than once or not at all.

1. Customers’ accounts with credit balances __

2. bond sinking fund __

3. salaries which the company’s cash budget shows will be paid to employees in 2011. __

4. Accumulated depreciation – equipment. __

5. Appropriation for plant expansion __

6. amortization for patents for 2010 __

7. On December 31, 2010, LeRoy signed a purchase commitment to buy all of its raw materials from Xport Company for the next 2 years. __

8. Discount on bonds payable due March 31, 2015 __

9. Launching LeRoy’s Internet retailing division in February 2011. __

10. Cash dividends declared on December 15, 2010 payable to stockholders on January 15, 2011. __