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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.

image text in transcribed Stockholders EquityLong-term InvestmentsCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent LiabilitiesProperty, Plant, and Equipment

Accounts payable

image text in transcribed Property, Plant, and EquipmentLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent AssetsLong-term InvestmentsCurrent Liabilities

Accounts receivable

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

Accumulated depreciationequipment

image text in transcribed Intangible AssetsCurrent AssetsStockholders EquityLong-term LiabilitiesProperty, Plant, and EquipmentCurrent LiabilitiesLong-term Investments

Buildings

image text in transcribed Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders Equity

Cash

image text in transcribed Intangible AssetsCurrent AssetsLong-term InvestmentsCurrent LiabilitiesProperty, Plant, and EquipmentLong-term LiabilitiesStockholders Equity

Interest payable

image text in transcribed Current AssetsCurrent LiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible Assets

Goodwill

image text in transcribed Intangible AssetsCurrent AssetsCurrent LiabilitiesProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesStockholders Equity

Income taxes payable

image text in transcribed Intangible AssetsProperty, Plant, and EquipmentLong-term LiabilitiesCurrent AssetsLong-term InvestmentsCurrent LiabilitiesStockholders Equity

Inventory

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

Stock investments (to be sold in 7 months)

image text in transcribed Long-term LiabilitiesLong-term InvestmentsProperty, Plant, and EquipmentCurrent AssetsIntangible AssetsStockholders EquityCurrent Liabilities

Land (in use)

image text in transcribed Long-term InvestmentsCurrent AssetsIntangible AssetsStockholders EquityCurrent LiabilitiesLong-term LiabilitiesProperty, Plant, and Equipment

Mortgage payable

image text in transcribed Current LiabilitiesLong-term InvestmentsLong-term LiabilitiesProperty, Plant, and EquipmentStockholders EquityIntangible AssetsCurrent Assets

Supplies

image text in transcribed Property, Plant, and EquipmentLong-term InvestmentsStockholders EquityLong-term LiabilitiesIntangible AssetsCurrent AssetsCurrent Liabilities

Equipment

image text in transcribed Long-term InvestmentsProperty, Plant, and EquipmentCurrent LiabilitiesLong-term LiabilitiesStockholders EquityIntangible AssetsCurrent Assets

Prepaid rent

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