Potential stockholders and lenders are interested in a company's financial statements. Identify the statement-balance sheet (BS), income
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________1. Accounts payable
________2. Accounts receivable
________3. Advertising expense
________4. Bad debt expense
________5. Bonds payable
________6. Buildings
________7. Cash
________8. Common stock
________9. Depreciation expense
________10. Dividends
________11. Land held for future expansion
________12. Loan payable
________13. Office supplies
________14. Patent
________15. Patent amortization expense
________16. Prepaid insurance
________17. Retained earnings
________18. Sales
________19. Utilities expense
________20. Wages payable
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9781305793194
10th Edition
Authors: Gary A. Porter, Curtis L. Norton
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