State the classification (asset, liability, stockholders equity, revenue, or expense) of each of the following accounts: LO7

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State the classification (asset, liability, stockholders’ equity, revenue, or expense)

of each of the following accounts: LO7 a Subscriptions receivable f Paid-in capital in b Organization costs excess of par value c Preferred stock g Discount on preferred stock d Retained earnings h Income taxes payable e Capital stock subscribed

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Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

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