Question: Use the following abbreviations to answer this question: CA Current assets NCA Non-current assets CL Current liabilities NCL SC Share capital RE SI Non-current liabilities
Use the following abbreviations to answer this question: CA Current assets NCA Non-current assets CL Current liabilities NCL SC Share capital RE SI Non-current liabilities Retained earnings Statement of income item SCF Statement of cash flows item SCE Statement of changes in equity item Classify the following items according to where they would appear in the financial statements: a. Accounts payable b. Rent revenue c. Unearned revenue d. Property, plant, and equipment e. Short-term investment in the shares of another company f. Sales to customers & Repayment of the principal of a loan owed to a financial institution h. Payment of interest on a loan owed to a financial institution
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