Question: DENVER roblem 2 (8 points) The following lettered items represent a classification scheme for a balance sheet, and the numbered items sent accounts found on
DENVER roblem 2 (8 points) The following lettered items represent a classification scheme for a balance sheet, and the numbered items sent accounts found on balance sheets. In the blank next to each account, write the letter indicating to which category it belongs. A. Current assets B. Long-term assets C. Current liabilities D. Long-term liabilities E. Stockholders' equity 1. Accumulated Depreciation 2. Treasury Stock 3. Buildings 4. Salaries Payable 5. Goodwill 6. Inventory 7. Accounts Receivable 8. Prepaid Insurance 9. Deferred Revenue 10. Bonds Payable (matures in 8 years) 11. Common Stock 12. Accounts Payable 13. Notes Payable (due in two years) 14. Sales Tax Payable 15. Patents 16. Retained Earnings
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