For each of the below accounts, identify the following: (a) the type of account (assets, liabilities,...
For each of the below accounts, identify the
following:
| (a) | the type of account (assets, liabilities, shareholders’ equity [specify common shares, dividends, revenues, or expenses)]; | |
| (b) | the normal balance of the account; and | |
| (c) | on which financial statement (income statement, statement of changes in equity, statement of financial position) Saputo would likely report the account. |
| Account | (a) Type of account |
(b) Normal Balance |
(c) Financial Statement |
||||
| Bank loans payable |
|
||||||
| Buildings |
|
||||||
| Cash |
|
||||||
| Depreciation expense |
|
||||||
| Dividends declared |
|
||||||
| Finance income |
|
||||||
| Furniture, machinery, and equipment |
|
|
|||||
| Income tax expense |
|
||||||
| Income taxes payable |
|
||||||
| Interest expense |
|
|
|||||
| Inventories |
|
||||||
| Prepaid expenses |
|
||||||
| Receivables |
|
|
|
||||
| Revenues |
Homework Answers
Add Answer to:
For each of the below accounts, identify the
following:
(a)
the type of account (assets, liabilities,...
For each of the below accounts, identify the following: (a) [b (c) the type of account...
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W WileyPLUS e Selem Sonuncements H AVP I S Financial Accounting, Seventh Canadian Edition by Kimmel,...
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Question 1 of 4 -75 For each of the following accounts, identify what type of account...
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