Next to each item, indicate whether it would most likely be reported on the balance sheet (B), the income statement (1), or the

Question

1 year ago

12

Next to each item, indicate whether it would most likely be reported on the balance sheet (B), the income statement (1), or the

statement of stockholders' equity (SE) Choose
a. Cash (year end balance)
b. Advertising expense
c. Common stock
d. Printing fees earned B, T
e. Dividends
f. Accounts payable
g. Inventory>
h. Equipment

Business

1 answer:

arsen [322] · Answer 1 · 2023-12-03T07:59:32+03:00

Answer:

a. balance sheet (B)

b. income statement (1)

c. statement of stockholders' equity (SE)

d. income statement (1)

e. statement of stockholders' equity (SE)

f. balance sheet (B

g.balance sheet (B

h.balance sheet (B

Explanation:

The Balance Sheet consists of balances in the Asset , Liabilities and Equity Accounts and it uses the equation Assets = Equity + Liability.It shows the result as at the end of the Financial Period.

The Income statement comprises of Revenues or Incomes and Expenses. The profit or loss resulting from operation during the financial period is the the end goal of this financial statement.

The statement of stockholders' equity (SE) shows the interest of the owners of the company and any distributions out of profit that has been made to them during the year.