Determine whether the following items are monetary or nonmonetary items. 1. Common stock. 2. Retained earnings. 3.

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Determine whether the following items are monetary or nonmonetary items.

1. Common stock.

2. Retained earnings.

3. Merchandise.

4. Prepaid rent.

5. Prepaid insurance.

6. Salaries payable.

7. Goodwill.

8. Furniture and fixtures.

9. Accounts payable.


10. Product warranties liability.
11. Trademarks.
12. Savings accounts.
13. Notes receivable.
14. Contributed capital in excess of par value, common stock.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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