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Miguel Decided to Open a Lemonade Stand on Saturdays

Question 81

Multiple Choice

Miguel decided to open a lemonade stand on Saturdays. Match Miguel's business activities to the following balance sheet items. (Note: each balance sheet item can only be used once) .
-Borrowed cash from Dad to be repaid in two years.


A) Long-term liability
B) Accounts payable
C) Accounts receivable
D) Long-term asset
E) Inventory
F) Cash

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