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II. Typical balance sheet classifications are listed below. Classify each of the following accounts according...

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Accounting

II. Typical balance sheet classifications are listed below. Classify each of the following accounts according to the preferred balance sheet presentation. a. Current assets f. Current liabilities b. Investments g. Long-term liabilities c. Property, plant and equipment h. Common stock d. Intangible assets i. Additional paid-in capital e. Other assets j. Retained earnings _________ 1. Prepaid expenses. _________ 2. Patent. _________ 3. Equipment. _________ 4. Salaries payable. _________ 5. Cash surrender value of life insurance

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