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Classify each of the following financial statement items taken from Ming Corporations balance sheet. Current LiabilitiesCurrent AssetsIntangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesStockholders Equity Accounts

Classify each of the following financial statement items taken from Ming Corporations balance sheet.

image text in transcribed Current LiabilitiesCurrent AssetsIntangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesStockholders Equity

Accounts payable

image text in transcribed Current LiabilitiesLong-term InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityCurrent Assets

Accounts receivable

image text in transcribed Long-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible AssetsCurrent AssetsCurrent Liabilities

Accumulated depreciationequipment

image text in transcribed Long-term InvestmentsProperty, Plant, and EquipmentCurrent LiabilitiesStockholders EquityLong-term LiabilitiesIntangible AssetsCurrent Assets

Buildings

image text in transcribed Long-term InvestmentsLong-term LiabilitiesCurrent LiabilitiesCurrent AssetsProperty, Plant, and EquipmentStockholders EquityIntangible Assets

Cash

image text in transcribed Current AssetsLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent LiabilitiesLong-term InvestmentsProperty, Plant, and Equipment

Interest payable

image text in transcribed Current AssetsStockholders EquityProperty, Plant, and EquipmentLong-term LiabilitiesIntangible AssetsCurrent LiabilitiesLong-term Investments

Goodwill

image text in transcribed Current AssetsProperty, Plant, and EquipmentStockholders EquityCurrent LiabilitiesLong-term InvestmentsLong-term LiabilitiesIntangible Assets

Income taxes payable

image text in transcribed Stockholders EquityCurrent AssetsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesLong-term Investments

Inventory

image text in transcribed Stockholders EquityLong-term InvestmentsCurrent AssetsProperty, Plant, and EquipmentCurrent LiabilitiesLong-term LiabilitiesIntangible Assets

Stock investments (to be sold in 7 months)

image text in transcribed Property, Plant, and EquipmentIntangible AssetsLong-term InvestmentsLong-term LiabilitiesCurrent LiabilitiesStockholders EquityCurrent Assets

Land (in use)

image text in transcribed Property, Plant, and EquipmentIntangible AssetsCurrent AssetsLong-term InvestmentsStockholders EquityCurrent LiabilitiesLong-term Liabilities

Mortgage payable

image text in transcribed Current LiabilitiesCurrent AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible Assets

Supplies

image text in transcribed Stockholders EquityCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and Equipment

Equipment

image text in transcribed Stockholders EquityProperty, Plant, and EquipmentIntangible AssetsLong-term InvestmentsCurrent LiabilitiesLong-term LiabilitiesCurrent Assets

Prepaid rent

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