Classified balance sheet OBJ. 2 The following accounts appear in an adjusted trial balance of Kangaroo Consulting.

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Classified balance sheet OBJ. 2 The following accounts appear in an adjusted trial balance of Kangaroo Consulting. Indicate whether each account would be reported in the

(a) current asset;

(b) property, plant, and equipment;

(c) current liability;

(d) long-term liability; or

(e) stockholders’ equity section of the December 31, 2015, balance sheet of Kangaroo Consulting.

1. Accounts Payable 2. Accounts Receivable 3. Accumulated Depreciation—Building 4. Cash 5. Common Stock 6. Note Payable (due in ten years)

7. Supplies 8. Wages Payable

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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