Each of the following items is shown in the financial statements of Exxon Mobil Corporation. Identify the

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Each of the following items is shown in the financial statements of Exxon Mobil Corporation. Identify the financial statement (balance sheet or income statement) in which each item would appear.
a. Operating expenses
b. Crude oil inventory
c. Income taxes payable
d. Sales
e. Investments
f. Marketable securities
g. Exploration expenses
h. Notes and loans payable
i. Cash equivalents
j. Long-term debt
k. Selling expenses
l. Notes receivable
m. Equipment
n. Accounts payable
o. Prepaid taxes

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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