Question: Would you classify the items below as equity or liabilities? State your reason(s) and any assumptions. a. Minority interest in consolidated financial statements. d. Convertible

Would you classify the items below as equity or liabilities? State your reason(s) and any assumptions.

a. Minority interest in consolidated financial statements.

d. Convertible debt.

b. Appropriated retained earnings.

e. Preferred stock.

c. Guarantee for product performance on sale.

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