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answer all 8 please.

answer all 8 please.
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Answer #1

Answer :-

1. Accounts Payable = Current Liabilities

2. Accounts Receivable = Current Assets

3. Accumulated Depreciation-Building = Property, plant, and equipment

4. Cash = Current Assets

5. Common Stock = Stockholders' equity

6. Note payable (due in ten years) = Long-term liability

7. Supplies = Current Assets

8. Wages Payable = Current Assets

Note :- Assets consumed or converted to cash or sold within one year or less and liabilities that will be due within a year or less are considered to be current. Any asset or liability that is used longer than a year or operating cycle is considered to be long-term. Two common classes of assets are current assets and property, plant and equipment.

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