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please answer this question All questions must be answered on-line in the space provided. #2 32 marks, suggested time 19 minutes In the table below,
please answer this question All questions must be answered on-line in the space provided. #2 32 marks, suggested time 19 minutes In the table below, indicate in which financial statement and in which section each item should be included. The following abbreviations are to be used: BS: Balance Sheet or Statement of Financial Position IS: Income Statement CA: Current assets PPE: Property, Plant, and Equipment IA: Intangible Assets CL: Current Liabilities LTL: Long-term Liabilities SE: Shareholders' Equity GP: Gross Profit section of the Income Statement OP: Operating Expenses Account Financial Statement Section BS Example: Cash CA a) Sales revenue b) Salaries payable c) Salaries expense d) e) Retained Earnings Rent expense f) Prepaid rent B) Patent h) 1) 3) k) 1) Note payable, due in three years Equipment Deferred revenue Cost of Goods Sold Common shares m) n) Allowance for Doubtful Accounts (AFDA) Accumulated depreciation Accounts receivable Accounts payable P
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