Question: Classify each of the following financial statement items based upon the major balance sheet classifications. Prepaid advertising Equipment Trademarks Salaries and wages payable Income taxes

Classify each of the following financial statement items based upon the

Classify each of the following financial statement items based upon the major balance sheet classifications. Prepaid advertising Equipment Trademarks Salaries and wages payable Income taxes payable Retained earnings Accounts receivable Land (held for future use) Patents Bonds payable Common stock Accumulated depreciation-equipment Unearned sales revenue Inventory

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