Question
For each account listed, derify the category that it would appear on a classifed balance sheet Use the folowing categories Current Assets Long term
For each account listed, derify the category that it would appear on a classifed balance sheet Use the folowing categories Current Assets Long term investments Property Plant and Equipment in Assets Cument Lities Long tem Liatrifes, and Owner's Equity If the item does not belong on the classifed balance sheet, put an X Account Category Land (used in operations) b. Accumulated Depreciation-Equipment Reed, Capital d. Service Revenue vestment in Starbucks Corporation (to be held long-term) 1. Accounts Receivable Equipment Buildings Notes Payable (due in 10 years) Unamed Revenue 1 Accounts Payable m. Prepaid Rent Cash Current Assets Long-term Investments Property, Plant, and Equipment Intangible Assets Current Liabilities Long-term Liabilities Owner's Equity n. Reed, Withdrawale o Land (heid for investment purposes) p. Depreciation Expense x
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