Question
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.
Current LiabilitiesCurrent AssetsIntangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesStockholders Equity | Accounts payable | |
Current LiabilitiesLong-term InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityCurrent Assets | Accounts receivable | |
Long-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible AssetsCurrent AssetsCurrent Liabilities | Accumulated depreciationequipment | |
Long-term InvestmentsProperty, Plant, and EquipmentCurrent LiabilitiesStockholders EquityLong-term LiabilitiesIntangible AssetsCurrent Assets | Buildings | |
Long-term InvestmentsLong-term LiabilitiesCurrent LiabilitiesCurrent AssetsProperty, Plant, and EquipmentStockholders EquityIntangible Assets | Cash | |
Current AssetsLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent LiabilitiesLong-term InvestmentsProperty, Plant, and Equipment | Interest payable | |
Current AssetsStockholders EquityProperty, Plant, and EquipmentLong-term LiabilitiesIntangible AssetsCurrent LiabilitiesLong-term Investments | Goodwill | |
Current AssetsProperty, Plant, and EquipmentStockholders EquityCurrent LiabilitiesLong-term InvestmentsLong-term LiabilitiesIntangible Assets | Income taxes payable | |
Stockholders EquityCurrent AssetsProperty, Plant, and EquipmentIntangible AssetsCurrent LiabilitiesLong-term LiabilitiesLong-term Investments | Inventory | |
Stockholders EquityLong-term InvestmentsCurrent AssetsProperty, Plant, and EquipmentCurrent LiabilitiesLong-term LiabilitiesIntangible Assets | Stock investments (to be sold in 7 months) | |
Property, Plant, and EquipmentIntangible AssetsLong-term InvestmentsLong-term LiabilitiesCurrent LiabilitiesStockholders EquityCurrent Assets | Land (in use) | |
Property, Plant, and EquipmentIntangible AssetsCurrent AssetsLong-term InvestmentsStockholders EquityCurrent LiabilitiesLong-term Liabilities | Mortgage payable | |
Current LiabilitiesCurrent AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible Assets | Supplies | |
Stockholders EquityCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and Equipment | Equipment | |
Stockholders EquityProperty, Plant, and EquipmentIntangible AssetsLong-term InvestmentsCurrent LiabilitiesLong-term LiabilitiesCurrent Assets | Prepaid rent |
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