Regal Entertainment Group operates the largest chain of movie theaters in the U.S. Classify each of the
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Regal Entertainment Group operates the largest chain of movie theaters in the U.S. Classify each of the following items found on the company’s balance sheet included in the Form 10-K for the fiscal year ended December 31, 2015 as a current asset (CA), noncurrent asset (NCA), current liability (CL), long-term liability (LTL), or stockholders’ equity (SE) item.
______ 1. Trade and other receivables, net
______ 2. Class A common stock
______ 3. Land
______ 4. Inventories
______ 5. Interest payable
______ 6. Equipment
______ 7. Accounts payable
______ 8. Retained earnings
______ 9. Cash and cash equivalents
______ 10. Long-term debt, less current portion
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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