Question: Using the below accounts, place each item under the appropriate category Balance Sheet: Current Assets Long Term Assets Current Liabilities Long Term Liabilities Equity Income

Using the below accounts, place each item under the appropriate category
Balance Sheet:
Current Assets
Long Term Assets
Current Liabilities
Long Term Liabilities
Equity
Income Statement
Revenues
Expenses
Cash Flow Statement
Cash Provided by Operating Activities
Cash provided by (used for) Investing Activities
Cash provided by (used for) Financing Activities
Hint: Some items will be included in more than one category
Purchase of property and equipment
Accrued Expenses
Unearned Revenues
Depreciation Expense
Additional Paid in Capital
Decrease in Accounts Receivable
Net Income
Selling & Administrative Income
Amortization of Intangibles
Work in Process
Prepaid expenses
Goodwill net
Deferred Revenues
Dividends paid to shareholders
Repayment of long term debt
Gain on sale of real estate
Increase in accounts receivables
Decrease in Inventory
Current portion of long term debt
Salaries
PLEASE ANSWER AS SOOON AS POSSIBLE I'LL GIVE YOU THUMBS UPP DIRECTLY !!!!!!

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!