Classify the following accounts as assets (A), liabilities (L), or shareholders' equity (SE) and whether they are current (C), non-current (NC), or not applicable (N/A).

 

 

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Account Merchandise Inventory Unearned Rent Prepaid Insurance Bonds Payable Investment in B Company Goodwill Additional Paid in Capital Accumulated Other Comprehensive Income Equipment Income Tax Payable A, L, SE C.NC,N/A | Account Merchandise Inventory Unearned Rent Prepaid Insurance Bonds Payable Investment in B Company Goodwill Additional Paid in Capital Accumulated Other Comprehensive Income Equipment Income Tax Payable A, L, SE C.NC,N/A |

Answer rating: 100% (QA)

Heres the classification for each account as assets A liabilities L or shareholder... View the full answer