Each of the following items is shown on the financial statements of Exxon Mobil Corporation (XOM): a. Identify the financial statement (balance sheet or income statemant y in which each item would appear. b. Can an item appear on more than one financial statement? c. Is the accounting equation relevant for Exxon Mobil Corporation? Explain. , the accounting equation systems. relevant to all companies. The accounting equation is the basis for accountins