For you to advance your learning and understanding of the Statement of Financial Position, you have to gradually learn each of its elements and components. Classify the following accounts whether they are assets, liability, or equity accounts. For asset and liability accounts, classify whether they are current or non-current. ACCOUNTS Ex. Accounts Payable Accounts Receivable Cash Interest Payable Acain, Capital Notes Payable Notes Receivable ELEMENT Liability CLASSIFICATION Current Prepaid Rent Property and Equipment Raw Materials

For you to advance your learning and understanding of the Statement of Financial Position, you have to gradually learn each of its elements and components. Classify the following accounts whether they are assets, liability, or equity accounts. For asset and liability accounts, classify whether they are current or non-current. ACCOUNTS Ex. Accounts Payable Accounts Receivable Cash Interest Payable Acain, Capital Notes Payable Notes Receivable ELEMENT Liability CLASSIFICATION Current Prepaid Rent Property and Equipment Raw Materials

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.15MCE

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