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Question 1 (40 points) Indicate by letter where should the following items be shown on the statement of financial position? Statement of Financial Position classifications:
Question 1 (40 points) Indicate by letter where should the following items be shown on the statement of financial position? Statement of Financial Position classifications: A. Investments B. Property, Plant & Equipment C. Intangible Assets D. Other non-current assets E. Current Assets F. Equity G. Non-Current Liabilities H. Current Liabilities Statement of Financial Position items Income Tax Payable Account Payable. Inventory. Accounts receivable. Land (currently in use). Accumulated depreciation of plant and equipment. Land (not currently in use, held as an investment). Accumulated other comprehensive income. Non-controlling interest (minority interest). Allowance for doubtful accounts. (Contra account for A/R)
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