Tuesday, 20 September 2016

Classify each of the following financial statement items taken from Mordica Corporation’s balance sheet.

Classify each of the following financial statement items taken from Mordica Corporation’s balance sheet.

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Accounts payable
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Accounts receivable
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Accumulated depreciation—equipment
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Buildings
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Cash
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Interest payable
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Goodwill
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Income taxes payable
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Inventory
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Stock investments (to be sold in 7 months)
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Land (in use)
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Mortgage payable
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Supplies
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Equipment
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Prepaid rent


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