Indicate whether each of the following accounts is a monetary item (M) or a nonmonetary item (N).

Question:

Indicate whether each of the following accounts is a monetary item (M) or a nonmonetary item (N). State any assumptions you feel are necessary.

a Certificate of Deposit.

b Land.

c Investment in U.S. Treasury Bills.

d Deferred Income Taxes.

e Notes Receivable.

f Bonds Payable.

g Patents.

h Common Stock.

i Investment in Unconsolidated Subsidiaries.

j Allowance for Uncollectible Accounts.

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