Question: Listed here are a number of accounts Land Common stock

Listed here are a number of accounts: Land, Common stock, Merchandise inventory, Equipment, Cost of goods sold, Accounts receivable, Interest expense, Supplies, Long-term debt, Cash, Sales, Accounts payable, Buildings, Retained earnings.

Required:
Which of the accounts listed above are not assets? How would you categorize each of these nonasset accounts?


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  • CreatedOctober 05, 2013
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