1. The following accounts were taken from the financial statements of Callahan Company.
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the following accounts were taken from the financial statements of callahan company 337714
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Investment in real estate |
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Service revenue |
Delivery truck |
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Interest payable |
Accumulated depreciation |
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Goodwill |
Depreciation expense |
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Short term investments |
R. Callahan, Capital |
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Mortgage note payable due in 3 years |
Unearned revenue |
Match each of the following accounts to its proper balance sheet classification,
shown below. If the item would not appear on a balance sheet, use “NA.”
Current assets (CA) Current liabilities (CL)
Long term investments (LTI) Long term liabilities (LTL)
Property, plant, and equipment (PPE) Owner’s equity (OE)
Intangible assets (IA)
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