Question
30. Which of the following affects balance sheet account totals but isnt reflected in operational results as presented by the income statement? A: Cash infusion
30. Which of the following affects balance sheet account totals but isnt reflected in operational results as presented by the income statement?
A: Cash infusion generated by issuing bonds
B: Depreciation expense
C: Sales inventory
D: Interest expense on long-term liabilities
E: All of the items listed in the other answers appear on both the balance sheet and income statement
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
