Fill in the blank spaces with categories 1 through 7: 1. Balance sheet (BS) 2. Income statement
Question:
1. Balance sheet (BS)
2. Income statement (IS)
3. Current assets (CA)
4. Fixed assets (FA)
5. Current liabilities (CL)
6. Long-term liabilities (LL)
7. Stockholders equity(SE)
Transcribed Image Text:
Indicate Whether Item Is on Balance Sheet (BS) or If on Balance Sheet, Designate Which Category ncome Statement (IS) Item Accounts receivable Retained earnimgs Income tax expense Accrued expenses Cash Selling and administrative expenses Plant and equipment Operating expenses Marketable securities Interest expense Sales Notes payable (6 months,) Bonds payable, maturity 2019 Common stock Depreciation expense Inventories Capital in excess of par value Net imcome (eamings after taxes)
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1 Balance Sheet BS 2 Income Statement IS 3 Current Assets CA 4 Fixed Asset...View the full answer
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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