The major balance sheet classifications are listed in E2-1. LO8 Instructions Classify each of the following financial

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The major balance sheet classifications are listed in E2-1. LO8 Instructions Classify each of the following financial statement items based upon the major balance sheet classifications listed in E2-1.

____ Prepaid advertising ____ Patents ____ Equipment ____ Bonds payable ____ Trademarks ____ Common stock ____ Salaries and wages payable ____ Accumulated depreciation—

____ Income taxes payable equipment ____ Retained earnings ____ Unearned sales revenue ____ Accounts receivable ____ Inventory ____ Land (held for future use)

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Financial Accounting

ISBN: 9781118953907

8th Edition

Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso

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