The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments...
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The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE) Owner's equity (OE) Intangible assets (IA) Match each of the following accounts to its proper balance sheet classification. Income taxes payable Debt investment (long-term) Accounts payable Accounts receivable Accumulated depreciation-buildings Land Buildings Inventory Cash Patents Copyrights Supplies The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE) Owner's equity (OE) Intangible assets (IA) Match each of the following accounts to its proper balance sheet classification. Income taxes payable Debt investment (long-term) Accounts payable Accounts receivable Accumulated depreciation-buildings Land Buildings Inventory Cash Patents Copyrights Supplies
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Balance sheet is prepared to present the true and fair view of the financial position of the busines... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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