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Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets. Current Liabilities, and Long-Term Liabilities. For each of
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets. Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item would most likely appear. 1. Cash 2. Supplies 3. Land 4. Copyrights 5. Wages payable 6. Accounts receivable 7. Franchises 8. Accounts payable Items Balance Sheet Category
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