Match each item to the correct balance sheet classification. 1 Current Assets 2 Long Term Assets...

 

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Match each item to the correct balance sheet classification. 1 Current Assets 2 Long Term Assets 3 Current Liabilities 4 Long Term Liabilities 5 Stakeholder Equity 5 Common stock 1 Prepaid expenses 2 Property; plant & equipment 1 Cash 3 Notes Payable (due in 10 years) 5 Retained earnings 3 Accounts receivable Additional paid in capital Notes payable (due in 6 mos.) 5 3 3 Accounts payable 1 Inventory 2 Intangible assets 1. Current assets 2. Long-term assets 3. Current liabilities 4. Long-term liabilities 5. Stockholders' equity Match each item to the correct balance sheet classification. 1 Current Assets 2 Long Term Assets 3 Current Liabilities 4 Long Term Liabilities 5 Stakeholder Equity 5 Common stock 1 Prepaid expenses 2 Property; plant & equipment 1 Cash 3 Notes Payable (due in 10 years) 5 Retained earnings 3 Accounts receivable Additional paid in capital Notes payable (due in 6 mos.) 5 3 3 Accounts payable 1 Inventory 2 Intangible assets 1. Current assets 2. Long-term assets 3. Current liabilities 4. Long-term liabilities 5. Stockholders' equity

Answer rating: 100% (QA)

Step 1 Balance Sheet It is the sheet or financial statement of Liabilities Equity and Assets balance ... View the full answer