Classify Each of These Items as an Asset (A), Liability

question 138

Essay

Classify each of these items as an asset (A), liability (L), or stockholders' equity (SE).
_____ 1. Accounts receivable
_____ 2. Accounts payable
_____ 3. Common stock
_____ 4. Supplies
_____ 5. Utilities expense
_____ 6. Cash
_____ 7. Notes payable
_____ 8. Equipment

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Definitions:

CPE

Continuing professional education, courses or activities required for professionals to maintain their licensing and competencies.

PE

Physical Education, a school subject focused on the development of physical fitness and skills.

CPH

If referring to Central Public Health, it's a sector or organization focused on promoting and protecting the health of the public; otherwise, clarification is needed for a specific definition.

Itinerary

A detailed plan or route of a journey, including destinations and expected times of arrival and departure.