How would you categorize each of given nonasset accounts

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Reference no: EM13891151

Identify accounts by category Listed here are a number of accounts: Land, Common stock, Merchandise inventory, Equipment, Cost of goods sold, Accounts re- ceivable, Interest expense, Supplies, Long-term debt, Cash, Sales, Accounts payable, Buildings, Retained earnings.


Which of the accounts listed above are not assets? How would you categorize each of these nonasset accounts?

Reference no: EM13891151


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