Classify the following items as an asset (A), a liability (L), or stockholders' equity (S) for Target Corporation, a large retailer:
a. Land
b. Accrued expenses payable
c. Supplies
d. Equipment
e. Notes payable
f. Long-term debt
g. Retained earnings
h. Prepaid expenses
i. Accounts payable
j. Accounts receivable
k. Merchandise inventory
l. Common stock
Answers: 3
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