Short Answer
Classify the following balance sheet accounts as current assets,noncurrent assets,current liabilities,noncurrent liabilities,or stockholders' equity.
1.Building
2.Retained earnings
3.Notes payable due in 3 months
4.Land
5.Prepaid expenses
6.Supplies inventory
7.Common stock
8.Notes payable due in 5 years
9.Income taxes payable
10.Accounts receivable
Correct Answer:

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1.Noncurrent assets.
2.Stockholders' equ...View Answer
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Correct Answer:
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2.Stockholders' equ...
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