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listed below are a number of financial statement captions. Indicate in the spaces to the right of each caption (1) the category of each item,

listed below are a number of financial statement captions. Indicate in the spaces to the right of each caption (1) the category of each item, and (2) the financial statement on which the item can usually be found.

category

Financial statement

Asset

A

Balance Sheet

BS

Liability

L

Income Statement

IS

stockholders' Equity

SE

Revenue

R

Expense

E

Gain

G

Loss

LS

1

2

Dividends Payable

Selling expenses

Common Stock

Long-term debt

Income tax expense

Gain on sale of Land

buildings

Accounts payable

Merchandise inventory

net income

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