dentify accounts by category and financial statement(s) Listed number of financi

Question

dentify accounts by category and financial statement(s) Listed number of financial statement captions. Indicate in the spaces to the right of et a caption the category of each item and the financial statement(s) on which the i 1 can usually be found. Use the following abbreviations: Part 1 Financial Accounting here are a Financial Statement Category Balance sheet Income statement BS IS Liabilityders' equity SE Gain LS Accumulated depreciation Long-term debt Equipment Loss on sale of short-term investments Net income Merchandise inventory Other accrued liabilities Dividends paid Cost of goods sold Additional paid-in capital Interest income Selling expenses Understanding financial stato

Explanation / Answer

1 Asset Balance sheet ,as subtraction from asset (contra asset) 2 Liability Balancesheet 3 Asset Balance sheet 4 Loss Income statement 5 Gain Income statement 6 Asset Balance sheet 7 Liability Balance sheet 8 stockholders equity Balance sheet   [part of retained earning,that is decreases retained earning ] 9 expense Income statement 10 Stockholders equity Balance sheet 11 Revenue Income statement 12 expense Income statement

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