ACC 280 / XACC 280
Axia College of University of Phoenix (UoP)
Principles of Accounting
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial Accounting (6th ed.). Hoboken, NJ: Wiley.
ACC 280 / XACC 280 Solution
Help in ACC 280
Help in XACC 280
Exercise 4-15 (E4-15) The following are the major balance sheet classifications.
Current Assets (CA) Current Liabilities (CL)
Long-term investments (LTI) Long-term liabilities (LTL)
Property, plant, and equipment (PPE) Stockholders’ equity (SE)
Intangible assets (IA)
Classify each of the following accounts taken from Robert’s Company’s balance sheet.
Accounts payable Accumulated depreciation
Accounts receivable Buildings
Cash Land
Common Stock Long-term debt
Patents Supplies
Salaries payable Office equipment
Inventories Prepaid expenses
Investments
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