Required Identify whether each of the following items would appear on the income statement (IS), statement of

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Required
Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable statements. If an item would not appear on any financial statement, label it NA.
a. Consulting Revenue
b. Market Value of Land
c. Supplies Expense
d. Salaries Payable
e. Notes Payable
f. Ending Common Stock
g.
Beginning Cash Balance
h. Prepaid Rent
i. Net Change in Cash
j. Land
k. Operating Expenses
l. Total Liabilities
m. “As of” Date Notation
n. Salaries Expense
o. Net Income
p. Service Revenue
q. Cash Flow from Operating Activities
r. Operating Income
s. Interest Receivable
t. Interest Revenue u. Rent Expense
v. Salary Expense
w. Total Stockholders’ Equity
x. Unearned Revenue
y. Cash Flow from Investing Activities
z. Insurance Expense
aa. Ending Retained Earnings
bb. Interest Revenue
cc. Supplies
dd. Beginning Retained Earnings
ee. Utilities Payable
ff. Cash Flow from Financing Activities
gg. Accounts Receivable
hh.
Prepaid Insurance
ii. Ending Cash Balance
jj. Utilities Expense
kk. Accounts Payable
ll.
Beginning Common Stock
mm.
Dividends
nn. Total Assets
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Fundamental Financial Accounting Concepts

ISBN: 978-0078025907

9th edition

Authors: Thomas Edmonds, Christopher Edmonds

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