Kimmel, Accounting, 6e 5 Hele I Svstem Announcements Assignment Gradebook ORION
ID: 2340046 • Letter: K
Question
Kimmel, Accounting, 6e 5 Hele I Svstem Announcements Assignment Gradebook ORION Downloadable eTextbook ice ment t Time: 12128 PM/Remaining: 67 min. Classify each of the following financial statement items taken from Ming Corporation's balance sheet. Accounts payable Accounts receivable Accumulated depreciation-equipment Buildings Cash Interest payable Goodwill Income taxes payable Inventory Stock investments (to be sold in 7 months) Land (in use) Mortgage payable Supplies Prepaid rent Al Rights Reserved. A Division ofExplanation / Answer
Current liabilities Accounts payable Current assets Accounts receivable Property plant and equipment Accumulated depreciation Property plant and equipment Building Current assets Cash Current liabilities Interest payable Intangible assets Goodwill Current liabilities Income taxes payable Current assets Inventory Current assets Stock investment Property plant and equipment Land Long term liabilities Mortgage payable Current assets Supplies Property plant and equipment Equipment Current assets Prepaid rent
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