5. The following are accounts reported in the financial statements: A. Balance Sheet B. Income Statement...
5. The following are accounts reported in the financial statements: A. Income Statement B. Statement of Stockholders’ Equity C. Balance Sheet I. Indicate where each of the following accounts is reported in the financial statements using the letters above. (Identify all reports that may apply for each item below.) II. Identify if the account is permanent(P) or temporary (T). _________Wages Expense _________Unearned Revenues _________Dividends _________Accounts Receivable _________Rental Income _________Prepaid Rent _________Property Plant & Equipment _________Retained Earnings
The following are categories of accounts reported in the financial statements: Current Assets E. Stockholders’ Equity Non-Current Assets F. Revenue Current Liabilities G. Expense Non-Current Liabilities H. Not Applicable Indicate where each of the following accounts would be reported (classified) in the financial statement categories noted above (categories may be used more than once or not at all). Identify only one category for each account listed below. ___G___Accrued Liabilities ________Accumulated Depreciation _______Rental Income ________Intangible Property _______Wages Expense ________Unearned Subscription Revenues _______Bonds Payable ___E___Retained Earnings 2. _____i. What is total Stockholders’ Equity based on...
44. The following accounts appear on either the Income Statement (15) or Balance Sheet (BS). In the space to the left of each account, write the letters, IS or BS to identify the statement on which the account appears. 1. Office Equipment 2. Rent Expense 3. Unearned Fees Revenues 4. Rent Expense 5. Accounts Payable 6. Owner, Capital 7. Fees Revenue 8. Cash 9. Notes Receivable 10. Wages Payable
Identify the financial statements in which you would find each of the items listed below. Some items may appear on more than one statement. Indicate all financial statements that apply to each item. The possible choices are: B : Balance Sheet SE : Statement of Stockholders’ Equity I : Income Statement CF : Statement of Cash Flows Financial Statement Item Financial Statement a. Cost of goods sold b. Trademarks c. Inventories d. Retained earnings e. Unearned revenue f. Cash...
The following are categories of accounts reported in the financial statements: Current Assets E. Stockholders’ Equity Non-Current Assets F. Revenue Current Liabilities G. Expense Non-Current Liabilities H. Not Applicable Indicate where each of the following accounts would be reported (classified) in the financial statement categories noted above (categories may be used more than once or not at all). Identify only one category for each account listed below. _______Accrued Liabilities ________Accumulated Depreciation _______Rental Income ________Intangible Property _______Wages Expense ...
Relating titles and accounts to financial statements Required Identify the financial statements on which each of the following items (titles, date descriptions, and accounts) appears by placing a check mark in the appropriate column. If an item appears on more than one statement, place a check mark in every applicable column. Income Statement Statement of Changes in Stockholders' Equity Balance Sheet Statement of Cash Flows Item Financing activities Ending common stock Interest expense As of (date) Land Beginning cash balance...
Problem II: Indicate which financial statement is being described by each of the following statements. The financial statement choices are: the income statement, the statement of stockholders' equity, the balance sheer, and the statement of cash flows. Item Financial Statement Description The financial statement which summarized the changes in stockholders' equity over a period of time. The financial statement which presents the financial position of the company at a particular date (point in time). The financial statement which summarizes cash...
1. The following are categories of accounts reported in the financial statements: Current Assets E. Long-Term Liabilities Fixed Assets F. Stockholders’ Equity Intangible Assets G. Revenue Current Liabilities H. Expense Indicate where eachof the following accounts would be reported (classified) in the financial statement categoriesnoted above (categories may be used more than once or not at all). Identify only onecategory for each account listed below. _______Bonds Payable ________Buildings _______Accrued Liabilities ________Intangibles _______Inventory ________Unearned Rent Revenues _______Accumulated Depreciation ________Retained Earnings 2. _____i. What is total Stockholders’ Equity based on the following account balances? Paid...
Excersise 2.26
a sla D. Prepare Exercise 2-26 Required Relationship of accounts to financial statements Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement, if so, identify all applicable statements. If an item would not appear on any financial statement, label it NA. a. Supplies b. Cash Flow from Financing...
Financial Statements Each of the following items is shown in the financial statements of Exxon Mobil Corporation: a. Identify the financial statement (balance sheet or income statement) in which each item would appear. 1. Accounts payable 2. Cash equivalents 3. Crude oil inventory 4. Equipment 5. Exploration expenses 6. Income taxes payable 7. Investments 8. Long-term debt 9. Marketable securities 10. Notes and loans payable 11. Notes receivable 12. Operating expenses 13. Prepaid taxes 14. Sales 15. Selling expenses b....