Identify which financial statement each item belongs. 3 attempts. Type "BS" for Balance Sheet and "IS" for Income Statement. Line Item Name Gross Margin Assets Net Profits Cash Net Sales Expenses Current liabilities Retained Earnings Cost of Goods Sold Owners' Equity Financial Statement (Type BS of IS) fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank

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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Identify which financial statement each item
belongs. 3 attempts.
Type "BS" for Balance Sheet and "IS" for Income
Statement.
Line Item Name
Gross Margin
Assets
Net Profits
Cash
Net Sales
Expenses
Current liabilities
Retained Earnings
Cost of Goods Sold
Owners' Equity
Financial Statement
(Type BS of IS)
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
fill in blank
Transcribed Image Text:Identify which financial statement each item belongs. 3 attempts. Type "BS" for Balance Sheet and "IS" for Income Statement. Line Item Name Gross Margin Assets Net Profits Cash Net Sales Expenses Current liabilities Retained Earnings Cost of Goods Sold Owners' Equity Financial Statement (Type BS of IS) fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank fill in blank
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