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Indicate Which of These Items Is an Asset (A), Liability

Question 280

Matching

Indicate which of these items is an asset (A), liability (L) or equity (E) account.

Premises:

Responses:

Supplies

Asset (A)

Dividends

liability (L)

Buildings

Equity (E)

Note Payable

Taxes Payable

Premises:

Supplies

Dividends

Buildings

Note Payable

Taxes Payable

Responses:

Asset (A)

liability (L)

Equity (E)

Correct Answer:

Premises:

Responses:

Supplies

Dividends

Buildings

Note Payable

Taxes Payable

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