Question: 1. Use the following abbreviations to indicate on which statement you would find each item below. Some items may appear on more than one statement.

1. Use the following abbreviations to indicate on which statement you would find each item below. Some items may appear on more than one statement. Include all abbreviations that would apply. IS: Income statement SRE: Statement of retained earnings BS: Balance sheet Sales Cash Gain on sale of building Retained earnings Salary expense a b. c. d. e. 5. FINANCIAL ACCOUNTING f. h. Capital stock Dividends paid Loss on sale of investment Income tax expense Net income

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