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Chapter 15: Accounting Statements Worksheet Which statement(s) do these line items belong? Hint: Use Northeast Art Supply's three statements in Textbook as an aid. Which statement(s) does this account belong on? Choices: Balance Sheet (BS) Income Statement (IS) Statement of Cash Flows (CF) STATEMENT(S) WHERE REPORTED: Use: BS, IS, |CF as your responses. TYPE OF ACCOUNT 1. ASSETS 2. INCOME 3. EXPENSES 4. OPERATING ACTIVITIES 5. LIABILITIES 6. INVESTING ACTIVITIES 7. OWNER'S EQUITY

Chapter 15: Accounting Statements Worksheet Which statement(s) do these line items belong? Hint: Use Northeast Art Supply's three statements in Textbook as an aid. Which statement(s) does this account belong on? Choices: Balance Sheet (BS) Income Statement (IS) Statement of Cash Flows (CF) STATEMENT(S) WHERE REPORTED: Use: BS, IS, |CF as your responses. TYPE OF ACCOUNT 1. ASSETS 2. INCOME 3. EXPENSES 4. OPERATING ACTIVITIES 5. LIABILITIES 6. INVESTING ACTIVITIES 7. OWNER'S EQUITY

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chapter 15: Accounting Statements Worksheet Which statement(s) do these line items belong? Hint: Use Northeast Art Supply's three statements in Textbook as an aid. Which statement(s) does this account belong on? Choices: Balance Sheet (BS) Income Statement (IS) Statement of Cash Flows (CF) STATEMENT(S) WHERE REPORTED: Use: BS, IS, |CF as your responses. TYPE OF ACCOUNT 1. ASSETS 2. INCOME 3. EXPENSES 4. OPERATING ACTIVITIES 5. LIABILITIES 6. INVESTING ACTIVITIES 7. OWNER'S EQUITY
Transcribed Image Text:Chapter 15: Accounting Statements Worksheet Which statement(s) do these line items belong? Hint: Use Northeast Art Supply's three statements in Textbook as an aid. Which statement(s) does this account belong on? Choices: Balance Sheet (BS) Income Statement (IS) Statement of Cash Flows (CF) STATEMENT(S) WHERE REPORTED: Use: BS, IS, |CF as your responses. TYPE OF ACCOUNT 1. ASSETS 2. INCOME 3. EXPENSES 4. OPERATING ACTIVITIES 5. LIABILITIES 6. INVESTING ACTIVITIES 7. OWNER'S EQUITY
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