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QUESTION 16 The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance sheets. A
QUESTION 16 The following lettered items represent a classification scheme for a balance sheet, and the numbered items represent data found on balance sheets. A Current assets B. Investments C. Property, plant, and equipment D. Intangible assets E. Current liabilities F. Non-current liabilities G. Owner's equity H. Not on the balance sheet 6. Inventory Accumulated Depreciation S. 2 Peters Capital Interest Expense 7. Patents 8. 4-Salary 9. *Payable Owner's Scapital Prepaid Interest Mortgage Payable Land Held for Investment 10. Instructions In the blank next to each account, write the letter indicating to which category it belongs 142
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