This document appears to be an uncorrected balance sheet for Cutler Corporation with errors. It lists assets such as land, buildings, equipment, patents and trademarks. It also lists current and long-term liabilities including accounts payable, wages payable, current taxes payable, and bonds payable. For shareholders' equity it mentions preferred stock, common stock, additional paid-in capital, retained earnings and accumulated other comprehensive income. The balance sheet requires correction and proper classification.

1. Property, Plant, and Equipment: Land Buildings Less: Accumulated depreciation Equipment
Less: Accumulated depreciation Total property, plant, and equipment Intangibles: Patents (net)
Trademarks Total intangibles Total Assets Liabilities Current Liabilities: Accounts payable
Wages payable Current taxes payable Total current liabilities Long-Term Liabilities: Bonds
payable Add: Treasury stock (at cost) x$
Erroneous Balance Sheet Cutler Corporation prepared the following balance sheet:
Determine the errors and prepare a corrected, properly classified balance sheet.
Total Liabilities Shareholders' Equity Contributed Capital: Preferred stock, $50 par Common
stock, $2 par Additional paid-in capital on preferred stock Total contributed capital Total
contributed capital, retained earnings, and accumulated other comprehensive income Total
Shareholders' Equity Total Liabilities and Shareholders' Equity