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from the dropdown box beside Question 1 (of 7) 20.00 points From the dropdown bo

ID: 2554189 • Letter: F

Question

from the dropdown box beside Question 1 (of 7) 20.00 points From the dropdown box beside numbered statement of financial position item, select the letter of its statement of financial position classification. If the item should not appear on the statement of financial position, choose the letter Z from the selection choices. A. Current assets B. Noncurrent assets C. Current liabilities D. Noncurrent liabilities E. Equity Statement of Financial Position I 11. Depreciation expe Explanation nation (Click to select) (Click to select) Click to select) (Click to select) (Click to select) uilding 1. Office equipment 2. Office supplies 4. Store supplies 5. Accumulated depreciation-Trucks 6. Land (used in operations) 7. Repairs expense 8. Cash 9. Current portion of long-term note payable (Click to select) (Click to select)12. Prepaid rent (Click to select) 13. Interest receivable (Click to select)14. Tax payable (Click to select) 15. Automobiles (Click to select) (Click to select) 17. Accounts payable (Click to select)18. Prepaid insurance 16. Notes payable (due in 3 years) (Click to select) Click to select) (Click to select) Click to select) (Click to select) 19. Owner, Capital ares Click to select) 20. Unearned services re References

Explanation / Answer

Answer:

1.B.Non Current Assets

2.A.Current Assets

3.B.Non Current Assets

4.A.Current Assets

5.B.Non Current Assets

6.B.Non Current Assets

7.E.Equity

8.A.Current Assets

9.C.Current Liabilities

10.B.Non Current Assets

11.E.Equity

12.A.Current Assets

13.A.Current Assets

14.C.Current Liabilities

15.B.Non Current Assets

16.D.Non Current Liabilities

17.C.Current Liabilities

18.A.Current Assets

19.E.Equity

20.C.Current Liabilities