Which statement will each of the following appear on Income statement, Balance s
ID: 2774666 • Letter: W
Question
Which statement will each of the following appear on Income statement, Balance sheet, or reconciliation of retained earnings?
a. Dividends paid
b. Notes payable
c. Income from noncontrolling interest
d. Accrued payrolls
e. Loss on disposal of equipment
f. Land
g. Adjustments of prior periods
h. Redeemable preferred stock
i. Treasury stock
j. Extraordinary loss
k. Unrealized exchange gains and losses
l. Equity in net income of affiliates
m. Goodwill
n. Unrealized decline in market value of equity
investment
o. Cumulative effect of change in accounting
principle
p. Common stock
q. Cost of goods sold
r. Supplies
Explanation / Answer
a.Dividends paid - reconciliation of retained earnings
b. Notes payable - Balance Sheet
c. Income from noncontrolling interest - Balace Sheet
d. Accrued payrolls - Income Statement
e. Loss on disposal of equipment - Income Statement
f. Land - Balance Sheet
g. Adjustments of prior periods - reconciliation of retained earnings
h. Redeemable preferred stock - Balance Sheet
i. Treasury stock - Balance Sheet
j. Extraordinary loss - Income Statement
k. Unrealized exchange gains and losses - Income Statement
l. Equity in net income of affiliates - Balance Sheet
m. Goodwill - Balance Sheet
n. Unrealized decline in market value of equity
investment - Balance Sheet
o. Cumulative effect of change in accounting
principle - Balance Sheet
p. Common stock - Balance Sheet
q. Cost of goods sold - Income Statement
r. Supplies - Income Statement
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