As described in a recent annual report Verizon Communications provides wireless voice and data…

As described in a recent annual report, Verizon Communications provides wireless voice and data services across one of the most extensive wireless networks in the United States. Verizon now serves more than 100 million customers, making it the largest wireless service provider in the United States in terms of the total number of customers. The following are accounts from a recent balance sheet for Verizon: (1) Accounts Receivable (2) Retained Earnings (3) Accrued Expenses Payable (4) Prepaid Expenses (5) Common Stock (6) Long-Term Investments (7) Plant, Property, and Equipment (8) Accounts Payable (9) Short-Term Investments (10) Long-Term Debt Required: For each account, indicate (1) whether the account is usually classified as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders equity (SE) item and (2) whether the account usually has a debit or credit balance.

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