Question: 1. Identify the following as Assets (current/non-current), Liabilities (current/non-current), Shareholders Equity, Expenses, or Revenues. a. Building b. Long term Loan c. Accounts receivable d. Patents

1. Identify the following as Assets (current/non-current), Liabilities (current/non-current), Shareholders Equity, Expenses, or Revenues.

a. Building b. Long term Loan c. Accounts receivable d. Patents e. The cost of heating (electricity, gas, oil) f. Wage payable g. Rent h. Prepaid rent i. Common shares j. Inventory k. Cost of goods sold l. Unearned revenue m. Retained earnings n. Tax payable o. Depreciation expense p. Wage expense q. Common shares

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