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For each of the below accounts, identify the following: (a) [b (c) the type of account assets, liabilities, shareholders' equity (specify common shares, dividends, revenues,
For each of the below accounts, identify the following: (a) [b (c) the type of account assets, liabilities, shareholders' equity (specify common shares, dividends, revenues, or expenses); the normal balance of the account; and on which financial statement (statement of income, statement of changes in equity, statement of financial position) Saputo would likely report the account. (a) Type of account (b) Normal Balance (c) Financial Statement Account Bank loans payable Buildings Dividends declared > > Finance income v Furniture, machinery, and equipment Income tax expense Income taxes payable Interest expense Depreciation expense Dividends declared > Finance income Furniture, machinery, and equipment Income tax expense Income taxes payable Interest expense > Inventories Prepaid expenses > Receivables > Revenues >
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