1. Accounts Receivable
2. Building
3. Cash
4. Land
5. Prepaid Insurance
6. Supplies
Answers:
a. Current asset: 1, 3, 5, 6
b. Property, plant, and equipment: 2, 4
Tuesday, December 18, 2018
Identify each of the following as (a) a current asset or (b) property, plant, and equipment: 1. Accounts Receivable 2. Building
Identify each of the following as (a) a current asset or (b) property, plant, and equipment:
1. Accounts Receivable
2. Building
3. Cash
4. Land
5. Prepaid Insurance
6. Supplies
Answers:
a. Current asset: 1, 3, 5, 6
b. Property, plant, and equipment: 2, 4
1. Accounts Receivable
2. Building
3. Cash
4. Land
5. Prepaid Insurance
6. Supplies
Answers:
a. Current asset: 1, 3, 5, 6
b. Property, plant, and equipment: 2, 4
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