Question: Current Attempt in Progress You are presented with the following alphabetical list of items, selected from the financial statements of Saputo Inc.: For each of


Current Attempt in Progress You are presented with the following alphabetical list of items, selected from the financial statements of Saputo Inc.: For each of the below accounts, identify the following: (a) the type of account (assets. liabilities, shareholders' equity (specify common shares, dividends, revenues, or expenses)]; (b) the normal balance of the account and (c) on which financial statement (statement of income statement of changes in equity, statement of financial position) Saputo would likely report the account (a) Type of account (b) Normal Balance Account (c) Financial Statement Bank loans payable Buildings Cash > > Depreciation expense C > > Dividends declared > Finance income > Income tax expense C Income taxes payable > > > Interest expense 24 atv - X - > Finance income Furniture, machinery, and equipment Income tax expense > > Income taxes payable > > Interest expense Inventories > Prepaid expenses > Revenues > e Textbook and Media
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