Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3)

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Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3)

stockholders’ equity (retained earnings): -

a. land

d. fees earned

b. wages expense

e. supplies

c. accounts payable

f. cash

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Financial Accounting

ISBN: 9780324380675

10th Edition

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

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