Question

The following is a list of accounts:
• Mortgage payable, due in 15 years
• Shortterm investments
• Cash
• Prepaid rent
• Patents
• Common stock
• Accounts payable
• Buildings
• Notes payable due in 6 months
Required
Identify each account as a Current asset, Long term investment, Fixed asset, Intangible asset, Other asset, Current liability, Longterm liability, Contributed capital, or Retained earnings.


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  • CreatedJuly 16, 2015
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