Question: Copy this chart into Microsoft Word and place an X in the appropriate classification for each balance sheet item listed below. Submit as an assignment.
Copy this chart into Microsoft Word and place an "X" in the appropriate classification for each balance sheet item listed below. Submit as an assignment. Hint Review the chapter text about assets and liabilities and Exhibits 4-1 and 4-2. Long-Term Short-Term Short-Term Asset Long-Term Liability Asset Liability Payroll taxes due Accounts receivable Land Mortgage payable (non-current) Buildings Note payable (due in 24 months) Inventory Accounts payable Cash on hand
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