Cash and supplies are both classified as current assets.
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Q166: The following information is for Sunny Day
Q167: On a classified balance sheet, current assets
Q168: The following selected account balances appear on
Q169: IFRS
A)requires a specific format for the balance
Q170: Closing entries are unnecessary if the business
Q172: The information for preparing a trial balance
Q173: Closing entries are necessary for
A)permanent accounts only.
B)temporary
Q174: The Income Summary account is used
A)during interim
Q175: All of the following statements about the
Q176: The two optional steps in the accounting
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