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The following are typical classifications used in the balance sheet for Serra Co. a. Current Assets b. Investments C. Property, Plant & Equipment d. Intangible
The following are typical classifications used in the balance sheet for Serra Co. a. Current Assets b. Investments C. Property, Plant & Equipment d. Intangible Assets e. Other Assets f. Current Liabilities 9. Long-term Liabilities h. Paid-in-Capital i. Retained Earnings For each of the 2019 following balance sheet items of Serra Co., use the letters above to indi appropriate classification category: 1. Restricted Cash to retire bonds in 2024. 2. Trading Securities. 3. Deferred Service Revenue (services to be performed in next 6 months). 4. Mortgage Payable due in 2026. 5. Salaries Payable. 6. Common Stock 7. Land used in operations. 8. Prepaid Rent (paid in advance for the next 9 months). 9. Cumulative income less dividends distributed. 10. Copyright
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