Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 3, Problem 3.2P

Financial statement account identification Mark each of the accounts listed in the following table as follows:

  1. a. In column (1), indicate in which statement-income statement (IS) or balance sheet (BS)-the account belongs.
  2. b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), fixed asset (FA), long-term debt (LTD), revenue (R), or stockholders’ equity (SE).
  (1) (2)
Account name Statement Type of account
Accounts payable _______ _______
Accounts receivable _______ _______
Accruals _______ _______
Accumulated depreciation _______ _______
Administrative expense _______ _______
Buildings _______ _______
Cash _______ _______
Common stock (at par) _______ _______
Cost of goods sold _______ _______
Depreciation _______ _______
Equipment _______ _______
General expense _______ _______
Interest expense _______ _______
Inventories _______ _______
Land _______ _______
Long-term debts _______ _______
Machinery _______ _______
Marketable securities _______ _______
Notes payable _______ _______
Operating expense _______ _______
Paid-in capital in excess of par _______ _______
Preferred stock _______ _______
Preferred stock dividends _______ _______
Retained earnings _______ _______
Sales revenue _______ _______
Selling expense _______ _______
Taxes _______ _______
Vehicles _______ _______
Blurred answer
Students have asked these similar questions
Identify the asset from the following list of accounts:a. Notes Payableb. Common Stockc. Retained Earningsd. Inventory
a. List the four types of financial statements b.Describe the interrelationshipbetween balance sheet and the income statement
Define notes to financial statements including what they indicate.

Chapter 3 Solutions

Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)

Knowledge Booster
Background pattern image
Finance
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning
Text book image
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College
Text book image
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Text book image
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:9781285595047
Author:Weil
Publisher:Cengage
Text book image
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cengage Learning
Text book image
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
ACCOUNTING BASICS: Debits and Credits Explained; Author: Accounting Stuff;https://www.youtube.com/watch?v=VhwZ9t2b3Zk;License: Standard Youtube License