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  3. 1. financial statement accounts aa aa the followin

1. Financial statement accounts Aa Aa The following table lists a variety of accounts commonly...

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Accounting

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1. Financial statement accounts Aa Aa The following table lists a variety of accounts commonly seen in financial statements. Identify whether each account appears on the balance sheet as an asset, liability, or equity account; or whether it appears on the income statement as a revenue or expense. Account Asset Liability Equity Revenue Expense Accounts Payable O Property, plant, and equipment O Inventories O Long-term debt O Cost of goods sold Retained earnings O Research and development O Prepaid expenses O Common stock O Accounts Receivable

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