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- Classification of Balance Sheet Account

- Classification of Balance Sheet Account

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Instructions: Match each account from the box to the choices of proper balance POST ACTIVITY Activity Activity #5: Classification of Balance Sheet Account Instru sheet category: CASE X 1. Patents 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long Term Debt • Current Assets • Investments Property, Plant and Equipment Cash Notes • Intangible Assets Accou 8. Inventory Office 9. Prepaid Insurance 10. Depreciation Expense 11. Accounts Receivable • Current Liabilities Intere Land • Long-Term Liabilities Build 12. Interest Expense Accu • Owner's Equity 13. Unearned Revenues Equip 14. Short-Term Investments • Not Applicable ACcu 15. Accumulated Depreciation 16. Owner's Capital Accc Sala Activity #6: AcCounting Er Une
Transcribed Image Text:Instructions: Match each account from the box to the choices of proper balance POST ACTIVITY Activity Activity #5: Classification of Balance Sheet Account Instru sheet category: CASE X 1. Patents 2. Building Held for Sale 3. Prepaid Rent 4. Wages Payable 5. Note Payable in Five Years 6. Building Used in Operations 7. Fund Held to Pay Off Long Term Debt • Current Assets • Investments Property, Plant and Equipment Cash Notes • Intangible Assets Accou 8. Inventory Office 9. Prepaid Insurance 10. Depreciation Expense 11. Accounts Receivable • Current Liabilities Intere Land • Long-Term Liabilities Build 12. Interest Expense Accu • Owner's Equity 13. Unearned Revenues Equip 14. Short-Term Investments • Not Applicable ACcu 15. Accumulated Depreciation 16. Owner's Capital Accc Sala Activity #6: AcCounting Er Une
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