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please help me. thank you The following are the typical classifications used in a balance sheet: f a. Current assets b. Investments c. Property, plant,
please help me. thank you
The following are the typical classifications used in a balance sheet: f a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets Other assets Current liabilities Long-term liabilities Paid-in capital Retained earnings h. i. Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) 10 2 11 3. 12 4 13 5 Equipment Accounts payable Allowance for uncollectible accounts Land (held for investment) Notes payable (due in 5 years) Deferred revenue (for the next 12 months) Notes payable (due in 6 months) Accumulated amount of net income less dividends Investment in XYZ Corp. (long-term) Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months) Prepaid rent (for the next 9 months) Common stock Building (used in operations) Cash 14 6 15 7. 16. 8 17 9 18 Income taxes payableStep by Step Solution
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