Which of the following are revenue and which of the following are expenses? Acco

Question

Which of the following are revenue and which of the following are expenses?

Accounts payable
Accounts receivable
Accrued liabilities and taxes
Cash and cash equivalents
Cost of sales
Current payables to parent and affiliates
Current portion of long-term debt
Deferred income taxes and other tangible assets (net)
Earnings retained
Goodwill and other tangible assets (net)
Income tax expense
Interests and other debt expense (net)
Inventories
Long-term debt
Long-term notes payable to parent and affiliates
Marketing, general and administrative expenses
Operating revenues
Other current assets
Other non-current assets
Other stockholders equity
Paid in capital for common and preferred stock
Property, plant and equipment
Short-term borrowings

Explanation / Answer

Particulars Accounts payable   Liabilities Accounts receivable Assets Accrued liabilities and taxes Liabilities Cash and cash equivalents Assets Cost of sales Expenses Current payables to parent and affiliates Liabilities Current portion of long-term debt Liabilities Deferred income taxes and other tangible assets (net) Assets Earnings retained Liabilities Goodwill and other tangible assets (net) Assets Income tax expense Expenses Interests and other debt expense (net) Expenses Inventories Assets Long-term debt Liabilities Long-term notes payable to parent and affiliates Liabilities Marketing, general and administrative expenses Expenses Operating revenues Revenues Other current assets Assets Other non-current assets Assets Other stockholders equity Stockholders Equity Paid in capital for common and preferred stock Stockholders Equity Property, plant and equipment   Assets Short-term borrowings Liabilities

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