Are the following balance sheet items (A) assets, (L) liabilities, or (E) stockholders equity? a. Cash dividends

Question:

Are the following items (A) assets, (L) liabilities, or (E) stockholders’ equity?
a. Cash dividends payable
b. Mortgage notes payable
c. Investments in stock
d. Cash
e. Land
f. Inventory
g. Unearned rent
h. Marketable securities
i. Patents
j. Capital stock
k. Retained earnings
l. Accounts receivable
m. Taxes payable
n. Accounts payable
o. Organizational costs
p. Prepaid expenses
q. Goodwill
r. Tools
s. Buildings

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...