M1-2 Matching Financial Statement Items to Financial Statement Categories LO1-1 Mark each item in the following list as an asset (A), liability (L), or stockholders' equity (SE) item that would appear on the balance sheet or a revenue (R) or expense (E) item that would appear on the income statement. (4) (5) Retained earnings Accounts receivable Sales revenue Property, plant, and equipment Cost of goods sold expense Inventories Interest expense Accounts payable Land

M1-2 Matching Financial Statement Items to Financial Statement Categories LO1-1 Mark each item in the following list as an asset (A), liability (L), or stockholders' equity (SE) item that would appear on the balance sheet or a revenue (R) or expense (E) item that would appear on the income statement. (4) (5) Retained earnings Accounts receivable Sales revenue Property, plant, and equipment Cost of goods sold expense Inventories Interest expense Accounts payable Land

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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