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(a) Indicate whether each account appears on the balance sheet (B) or income statement (I). ($ millions) Amount Sales $83,503 Net income 12,075 Accumulated depreciation
(a) Indicate whether each account appears on the balance sheet (B) or income statement (I).
($ millions) | Amount | |
---|---|---|
Sales | $83,503 |
|
Net income | 12,075 |
|
Accumulated depreciation | 17,446 |
|
Depreciation expense | 3,166 |
|
Retained earnings | 48,986 |
|
Property, plant & equipment, net | 20,640 |
|
Selling, general & administrative expense | 25,725 |
|
Accounts receivable | 6,761 |
|
Total liabilities | 74,498 |
|
Stockholders' equity | 69,494 |
|
Using the data, compute total assets and total expenses.
Total Assets | = |
Total Expenses | = |
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