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Please show the steps The following are the typical classifications used in a balance sheet: Required: For each of the following 2016 balance sheet items,

Please show the steps

image text in transcribed The following are the typical classifications used in a balance sheet: Required: For each of the following 2016 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.)

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