Listed below are nine accounts. How many of these accounts would be classified asnominal accounts?...
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Accounting
Listed below are nine accounts. How many of these
accounts would be classified asnominal accounts?
1. Notes payable
2. Cash
3. Retained earnings
4. Cost of goods sold
5. Unearned revenue
6. Depreciation expense
7. Prepaid rent
8. Gain on sale of land
9. Dividends
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