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The following accounts and balances were taken from the records of US Airways (dollars in million). Identify each account as

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The following accounts and balances were taken from the records of US Airways (dollars in million).

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Identify each account as an income statement? Or balance sheet account. Where is each account reflected in the basic accountingequation?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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S 797 Accounts payable Common stock Fuel expense Other revenues Short-term investments Depreciation expense Landing fees Flight equipment Passenger revenue Retained earnings Notes payable Interest expense Accounts receivable Prepaid expenses 53,157 8.183 (2.307) 3,634 253 293 684 3.618 912 20 215 562

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Financial Accounting in an Economic Context

Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

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Question Posted: October 30, 2011 11:48:39
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