Match the following terms with the section of the Balance Sheet, Income Statement or Retained...

80.2K

Verified Solution

Question

Accounting

Match the following terms with the section of the Balance Sheet, Income Statement or Retained Earnings Statement where you would see the term. Use Not on the Statements for those items you would not find on any of the three statements listed above

1. Change in accounting principle

2. Dividends Declared

3.Preferred Stock

4. Loss on Disposal of Building

5. Rent Revenue

6. Advances to customers

7. Audit Fees

8. Land Held for Sale

9. Accum. Amortization _ Patent

10. Notes Payable due 2022 paid with the sinking fund

11. Unused Supplies

12. Dividends Paid

13. Sales Returns

14. Loss on the disposal of a business segment

15. Factory Supplies

16. Freight In

Freight In

[ Choose ] Longterm Investments Operating Expenses Other Expenses and Losses Sales Revenue Retained Earnings Statement Income Taxes Current Liability Longterm Liabilities Cost of Goods Sold Intangible Assets Property Plant and Equipment Discontinued Operations Current Asset Capital Stock Other Revenues and Gains Not on the Statements

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students