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The following are the typical classifications used in a balance sheet: Current assets Investments and funds Property, plant, and equipment Intangible...

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The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in-capital i. Retained earnings For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) 1. Allowance for uncollectible accounts 2. Unearned rent revenue 3. Income less dividends, accumulated 4. Patent 5. Common stock
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The following are the typical classifications used in a balance sheet:
a.
b.
c.
d.
e.
f.
g.
h.
i. Current assets
Investments and funds
Property, plant, and equipment
Intangible assets
Other assets...

This question was asked on Jan 31, 2013 and answered on Jan 31, 2013.

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