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10.00 points Presented below is a list of statement of financial position accounts. Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Allowance for uncollectible
10.00 points Presented below is a list of statement of financial position accounts. Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Allowance for uncollectible accounts Restricted cash (to be used in 10 years) Buildings Bonds payable (due in 10 years) Cash Ordinary share capital Copyright Equipment Interest receivable (due in three months) Inventories Land (in use) Long-term investments Notes payable (due in six months) Notes receivable (due in two years) Patent Preference share capital Prepaid expenses Rent payable (current) Retained earnings Short-term investments Taxes payable Salaries and wages payable Required: Prepare a classified statement of financial position ignoring monetary amounts. (Enter the answer in the order of liquidity.) Statement of Financial Position Assets Current assets: Cash Short-term investments Accounts receivable, net of allowance for uncollectible accounts Inventories Prepaid expenses Land Buildings Property, plant, and equipment: Net property, plant, and equipment | Buildings
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