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The following are the major balance sheet classifications. Classify each of the following accounts taken from Faust Companys balance sheet. Accounts Balance Sheet Classification Accounts
The following are the major balance sheet classifications. Classify each of the following accounts taken from Faust Companys balance sheet.
| Accounts | Balance Sheet Classification | |
| Accounts payable | ||
| Accounts receivable | ||
| Cash | ||
| Owners Capital | ||
| Patents | ||
| Salaries and wages payable | ||
| Inventory | ||
| Stock investments (to be sold in 7 months) | ||
| Accumulated depreciationequipment | ||
| Buildings | ||
| Land (in use) | ||
| Notes payable (due in 2 years) | ||
| Supplies | ||
| Equipment | ||
| Prepaid expenses |
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
