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Identify the Category(s) of Each of the Accounts Below

Question 80

Essay

Identify the category(s) of each of the accounts below.
Current Asset
Plant and Equipment
Current Liabilities
Long-Term Liabilities
Item Category
0. Cash Current Asset ________
a. Accts. Receivable ________ ________
b. Accts. Payable ________ ________
c. Mortgage Payable ________ ________
d. Office Equipment ________ ________
e. Prepaid Insurance ________ ________

Correct Answer:

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Item Category
a. Current Asset...

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