Name: 43. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property, plant and equipment section c. balance sheet in the long-term liabilities section d. income statement as an operating expense 44. The Balance Sheet should be prepared before the income statement and the statement of owner's equity before the income statement and after the statement of owner's equity a. b. c. after the income statement and the statement of owner's equity d. after the income statement and before the statement of owner's equity 45. On which financial statement will Income Summary be shown? a. b. c. d. Statement of Owner's Equity Balance Sheet Income Statement No financial statement 46. The income summary account is also called a. the closing account b. the clearing account c. the nominal account d. the temporary account