Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. (If an item does not apply select the option "Neither" for Financial Statement(s).) Caption Accumulated depreciation Long-term debt Equipment Loss on sale of short-term investments Net income Merchandise inventory Other accrued liabilities Dividends paid Cost of goods sold Additional paid-in capital Interest income Selling expenses Category Financial Statement(s)
Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. (If an item does not apply select the option "Neither" for Financial Statement(s).) Caption Accumulated depreciation Long-term debt Equipment Loss on sale of short-term investments Net income Merchandise inventory Other accrued liabilities Dividends paid Cost of goods sold Additional paid-in capital Interest income Selling expenses Category Financial Statement(s)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. (If an item does not apply select the option "Neither" for Financial Statement(s).)
Choices for Category - Assest, expense, gain, liability, loss, revenue, and
Choices for Financial Statements -
Transcribed Image Text:Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item
and the financial statement(s) on which the item can usually be found. (If an item does not apply select the option "Neither" for
Financial Statement(s).)
Caption
Accumulated depreciation
Long-term debt
Equipment
Loss on sale of short-term investments
Net income
Merchandise inventory
Other accrued liabilities
Dividends paid
Cost of goods sold
Additional paid-in capital
Interest income
Selling expenses
Category
Financial Statement(s)
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