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Question(s) / Instruction(s):

ACCT2020 The following are the major balance sheet classifications.

 Current assets                                                 Current liabilities

Long-term investments                                                Long-term liabilities

Property, plant, and equipment                                Common stock

Intangible assets                                              Retained earnings

Classify each of the following accounts taken from Remington Corporation\'s balance sheet.

 Accounts payable and accrued liabilities

Income taxes payable

Inventories

Accounts receivable

Investments

Accumulated depreciation

Land

Buildings

Long-term debt

Cash and short-term investments

Materials and supplies

Dividends payable

Office equipment and furniture

Goodwill

Prepaid expenses

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