The following items were taken from the financial statements of Tiger Inc a Income tax expense b Interest expense c Service revenue d Accounts receivable e Retained earnings f Inventory g Accounts payable h Contributed capital i Dividends Required Identify whether each item would appear on the bala...

Item Appears On Item Appears On a Income tax expense Income ...

The following items were taken from the financial statements of Tiger Inc.: a. Income tax expense b.

Question:

The following items were taken from the of Tiger Inc.:
a. Income tax expense
b. Interest expense
c. Service revenue
d. Retained earnings
f. Inventory
g. Contributed capital
i. Dividends
Required
Identify whether each item would appear on the balance sheet, the income statement, or the statement of retained earnings. Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...