Classifying Balance Sheet Accounts Classify the following amounts as (a) current assets, (b) investments,...
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Accounting
Classifying Balance Sheet Accounts
Classify the following amounts as (a) current assets, (b) investments, (c) property, plant, and equipment, (d) other assets, (e) current liabilities, (f) long-term liabilities, (g) paid-in capital, or (h)retained earnings.
1. investment in common stock of subsidiary
2. deferred tax liability, net
3. no-par common stock
4. accumulated depreciation
5. investment in U.S. Treasury bills
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