List the statement on which each of the following items may appear. Choose from (A) income statement,
Question:
List the statement on which each of the following items may appear. Choose from (A)
income statement, (B) balance sheet, or (C) neither.
a.Net income l.Interest payable b.Cost of goods sold m. Loss from flood c.Gross profit n.Land d.Retained earnings o.Taxes payable e.Paid-in capital in excess of par p.Interest income f.Sales q.Gain on sale of property g.Supplies expense r.Dividend income h.Investment in G. Company s.Depreciation expense i.Dividends t.Accounts receivable j.Inventory u.Accumulated depreciation k.Common stock v.Sales commissions
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Reporting And Analysis Using Financial Accounting Information
ISBN: 9780324023534
8th Edition
Authors: Charles H Gibson
Question Posted: