Question: 8 Classify each of the following accounts as asset liability
8. Classify each of the following accounts as asset, liability, stockholders’ equity, revenue, or expense and indicate the normal balance of each account. a. Paid- in Capital in Excess of Par Value b. Preferred 7 Percent Stock c. Stock Dividend Distributable d. Appropriated Retained Earnings e. Retained Earnings f. Common Stock Subscribed g. Subscriptions Receivable, Common Stock h. Common Stock
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