13. Inventory is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. 14. Notes payable is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. 15. Change in dividends paid is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. 16. Salaries and wages expense is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. 17. Capital surplus is: a. An account on an income statement. b. An asset account on a balance sheet. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. C. 18. Depreciation expense is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above. 19. Common stock is: a. An account on an income statement. b. An asset account on a balance sheet. c. A liability account on a balance sheet. d. An equity account on a balance sheet. e. None of the above.