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Choose the best classification for each statement of financial position / balance sheet item: a) select answer Earnings retained in the business b) select answer
Choose the best classification for each statement of financial position / balance sheet item: a) select answer Earnings retained in the business b) select answer Service revenue collected in advance c) select answer v Prepaid rent d) select answer Rent revenue collected but not earned e) select answer v Goodwill f) select answer Short-term investment (common shares) g) select answer Accrued interest payable h) select answer v Allowance for doubtful accounts i) select answer Franchise j) select answer y Contributed capital on share retirement av select answer Current assets b Current liabilities Intangible assets Long-term investments C Long-term liabilities Other assets d Retained earnings Share capital or Paid-in capital e Tangible capital assets (property, plant and, equipment) e e
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