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Consider Canadian Tire. Classify the following items as an asset (A), a liability (L), or an owners equity or Shareholders equity (E) item for Canadian
Consider Canadian Tire. Classify the following items as an asset (A), a liability (L), or an owners equity or Shareholders equity (E) item for Canadian Tire. Write the letter (A, L, E) besides each item. a. Accounts receivable b. Long-term debt c. Equipment d. Common shares e. And according to Rubic you can adjust it f. Retained earnings g. Accounts payable h. Land i. Prepaid expenses j. Merchandise inventories k. Notes payable l. Accrued expenses payable
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