Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Do it! - Review - Page 76: 2-2

Answer

IA CA CL PPE CL SE LTI NA CL LTL

Work Step by Step

IA Trademarks CA Inventory CL Notes payable (current) PPE Accumulated depreciation NA Interest revenue PPE Land CL Income taxes payable SE Common stock LTI Debt investments (long-term) NA Advertising expense CL Unearned sales revenue LTL Mortgage payable (due in 3 years).
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