Question: From the dropdown box beside numbered balance sheet item, select the letter of its balance sheet classification. If the item should not appear on the
| A. | Current assets |
| B. | Long-term investments |
| C. | Plant assets |
| D. | Intangible assets |
| E. | Current liabilities |
| F. | Long-term liabilities |
| G. | Equity 1.Office Equipment 2.Office Supplies 3. Building 4. Store Supplies 5. Accumulated Depreciation- Trucks 6. Land (in operation) 7. Repairs Expencses 8. Cash 9. Current Portion of long term note payable 10. long term investment in stock 11. Depreciation Expences- Building 12. Prepaid Rent 13. Intrest Recievable 14. Taxes Payable 15. Automobiles 16. Notes Payable (due in 3 years) 17. Accounts Payable 18. Prepaid Insurance 19. Common Stock 20. Unearned Services Revenue |
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Classification Long term 1 investment Unearned 11 service E in Stock revenue Depreciation Accumula... View full answer
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