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Homework ( Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement,
Homework ( Managers often consult financial statements for specific types of information. Indicate whether each of the following items would appear on the income statement, the statement of owner's equity, or the balance sheet. 1. Revenue earned during the period 2. Total assets of the business 3. Net income for the period 4. Owner's capital at the end of the period 5. Supplies on hand 6. Cost of supplies used during the period 7. Accounts receivable of the business 8. Accumulated depreciation on the firm's equipment 9. Amount of depreciation charged off on the firm's equipment during the period 10. Original cost of the firm's equipment 11. Book value of the firm's equipment 12. Total expenses for the period 13. Accounts payable of the business 14. Owner's withdrawals for the period 15. Cash on hand
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