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Current Attempt in Progress The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance
Current Attempt in Progress The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance sheets. In the blank next to each account, write the letter indicating to which category it belongs. A. Current assets B. C. D. E. F. Investments Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Stockholders' equity Not on the balance sheet G. H. 1. Accumulated depreciation-equipment 2. Common stock 4 3. Interest expense 4. Salaries and wages payable 5. Retained earnings 6. Inventory 7. Patents - 8. Prepaid insurance 9. Mortgage payable 10. Land (held for investment)
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