QUESTION 1 You will normally find Stock Compensation Expense listed on the balance sheet as a liability account on the balance sheet as an equity account on the income statement on the balance sheet as an asset account QUESTION 2 You will normally find Prepaid Insurance listed on the balance sheet as an asset account on the income statement on the balance sheet as a liability account on the balance sheet as an equity account QUESTION 3 You will normally find Taxes Payable listed on the income statement on the balance sheet as an equity account on the balance sheet as an asset account on the balance sheet as a liability account QUESTION 4 You will normally find Cost of Goods Sold listed on the balance sheet as an asset account on the balance sheet as a liability account on the balance sheet as an equity account on the income statement