(Balance Sheet Classifications) Presented below are a number of balance sheet accounts of Cunningham, Inc.
(a) Investment in Preferred Stock.
(b) Treasury Stock.
(c) Common Stock.
(d) Dividends Payable.
(e) Accumulated Depreciation—Equipment.
(f) Construction in Process.
(g) Petty Cash.
(h) Interest Payable.
(i) Deficit.
(j) Equity Investments (trading).
(k) Income Tax Payable.
(l) Unearned Subscription Revenue.
(m) Work in Process.
(n) Vacation Wages Payable.
Instructions
For each of the accounts above, indicate the proper balance sheet classification. In the case of borderline items, indicate the additional information that would be required to determine the proper classification.