Indicate whether each of these items is an asset (A), a liability (L), or part of stockholders'
Question:
Indicate whether each of these items is an asset (A), a liability (L), or part of stockholders' equity (SE).
(a) Accounts receivable
(d) Office supplies
(b) Salaries payable
(e) Common stock
(c) Equipment
(f) Notes payable
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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