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Which of the following accounts should be classified as a paid-in-capital account? deferred lease revenue retained earnings n

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Answer #1

Answer = no-par common stock

Note:

1. deferred lease revenue is classified as a liability.

2. retained earnings is classified as stockholder's equity

3. no par common stock is recorded under the paid in capital account.

4. accumulated depreciation is a contra account that sets off in asset account.

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