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Question 1 (10 marks) For the following accounts, identify the type of account (assets, liabilities, equity, revenues, and expenses) and the financial statement they would
Question 1 (10 marks) For the following accounts, identify the type of account (assets, liabilities, equity, revenues, and expenses) and the financial statement they would be reported on (Income Statement, Statement of Retained Earnings, Balance Sheet). Account Type of Account Financial Statement Common Shares Building Retained Earnings Notes Payable Sales Revenue Accounts Receivable Dividends Cost of Goods Sold Inventory Accounts Payable
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