Which of the following is a liability? Choose all that apply. Taxes Owed Equipment Paid-in Capital...

Which of the following is a liability? Choose all that apply. Taxes Owed Equipment Paid-in Capital Retained Earnings Depreciation Loans Utility Deposit Prepaid Insurance Inventory Cash Which of the following is an asset? Choose all that apply. Cash Taxes Owed Inventory Depreciation Equipment Prepaid Insurance Loans

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Expert Solution

Solution:

liability ===>Taxes Owed, Loans

.asset ====> Cash , Inventory, Equipment, Prepaid Insurance

ekkarill92 answered 1 year ago

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