Question
Classify each of the following financial statement items taken from Ming Corporations balance sheet. Stockholders EquityLong-term InvestmentsCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent LiabilitiesProperty, Plant, and Equipment Accounts
Classify each of the following financial statement items taken from Ming Corporations balance sheet.
Stockholders EquityLong-term InvestmentsCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent LiabilitiesProperty, Plant, and Equipment | Accounts payable | |
Property, Plant, and EquipmentLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent AssetsLong-term InvestmentsCurrent Liabilities | Accounts receivable | |
Stockholders EquityCurrent AssetsProperty, Plant, and EquipmentLong-term LiabilitiesIntangible AssetsCurrent LiabilitiesLong-term Investments | Accumulated depreciationequipment | |
Intangible AssetsCurrent AssetsStockholders EquityLong-term LiabilitiesProperty, Plant, and EquipmentCurrent LiabilitiesLong-term Investments | Buildings | |
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders Equity | Cash | |
Intangible AssetsCurrent AssetsLong-term InvestmentsCurrent LiabilitiesProperty, Plant, and EquipmentLong-term LiabilitiesStockholders Equity | Interest payable | |
Current AssetsCurrent LiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible Assets | Goodwill | |
Intangible AssetsCurrent AssetsCurrent LiabilitiesProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesStockholders Equity | Income taxes payable | |
Intangible AssetsProperty, Plant, and EquipmentLong-term LiabilitiesCurrent AssetsLong-term InvestmentsCurrent LiabilitiesStockholders Equity | Inventory | |
Current LiabilitiesStockholders EquityIntangible AssetsLong-term LiabilitiesCurrent AssetsLong-term InvestmentsProperty, Plant, and Equipment | Stock investments (to be sold in 7 months) | |
Long-term LiabilitiesLong-term InvestmentsProperty, Plant, and EquipmentCurrent AssetsIntangible AssetsStockholders EquityCurrent Liabilities | Land (in use) | |
Long-term InvestmentsCurrent AssetsIntangible AssetsStockholders EquityCurrent LiabilitiesLong-term LiabilitiesProperty, Plant, and Equipment | Mortgage payable | |
Current LiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible AssetsCurrent Assets | Supplies | |
Property, Plant, and EquipmentLong-term InvestmentsStockholders EquityLong-term LiabilitiesIntangible AssetsCurrent AssetsCurrent Liabilities | Equipment | |
Long-term InvestmentsProperty, Plant, and EquipmentCurrent LiabilitiesLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent Assets | Prepaid rent |
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