For each of the following accounta/descriptions, indicate where in the financial statements the item will go. If an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Repayment of Bonds Payable Income Statement-above the subtotal for Net Operating income Income Statement part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statement of Retained Earnings prior to Opening Balance, as adjusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flowe-Operating Activities (Indirect Method) Statement of Cash Flows Investing Activities Statement of Cash Flows Financing Activities For each of the following accounts descriptions indicate where in the financial statements the item will go. If an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Purchase of equipment Income Statement-above the subtotal for Net Operating Income Income Statement-part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statement of Retained Earnings-prior to Opening Balance, as acusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flows-Operating Activities (Indirect Method) O Statement of Cash Flows-Investing Activities Statement of Cash Flows-Financing Activities For each of the following accounts/descriptions, indicate where in the financial statements the item will go. If an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers. Closing balance in Retained Earnings Income Statement above the subtotal for Net Operating income Income Statement part of the Other Income (Expense section Income Statement part of Discontinued Operations Statement of Retained Earnings prior to Opening Balance, as adjusted Statement of Retained Earnings after Opening Balance, as adjusted Statement of Cash Flows-Operating Activities Indirect Method) Statement of Cash Flows-Investing Activities Statement of Cash Flows Financing Activities For each of the following accounts/descriptions, indicate where in the financial statements the term wil go. It an item goes in more than one place, you just need to give one of the correct answers, you cannot check multiple answers Decrease in Salaries Payable Income Statement-above the subtotal for Net Operating income Income Staternent-part of the Other Income (Expense) section Income Statement part of Discontinued Operations Statement of Retained Earning prior to Opening Balance, as adjusted Statement of Retained Earnings, after Opening Balance, as adjusted Statement of Cash Flows-Operating Activities Indirect Method Statement of Cash Flows-Investing Activities Statement of Cash Flows-Financing Activities
