The balance sheet lists which of the following?revenues, expenses, gains, and distributions to ownersassets, liabilities, and owners' equityassets, liabilities, and investments by ownersrevenues, expenses, gains, and losses

First option is wrong because revenues, expenses, gains and distributions to owners are listed in…

Answered: balance sheet lists v

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4MC: The balance sheet lists which of the following? A. assets, liabilities, and owners equity B....

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Similar questions

Identify the correct components of the income statement. A. revenues, losses, expenses, and gains B. assets, liabilities, and owners equity C. revenues, expenses, investments by owners, distributions to owners D. assets, liabilities, and dividends
Explain how the following items affect equity: revenue, expenses, investments by owners, and distributions to owners.
Define assets, liabilities, owners equity, revenues, and expenses.
On which financial statement(s) would R. Flores, Drawing appear? a. Income statement b. Balance sheet c. Statement of owners equity d. Income statement and statement of owners equity
What do we mean when we say that capital, drawing, revenue, and expense accounts are under the umbrella of owners equity?
FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement (IS), statement of owners equity (SOE), or balance sheet (BS)in a format similar to the following.
FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement (IS), statement of owners equity (SOE), or balance sheet (BS)in a format similar to the following.
Which of these statements is not one of the financial statements? A. income statement B. balance sheet C. statement of cash flows D. statement of owner investments
Classification of Financial Statement Items Classify each of the following items according to (1) whether it belongs on the income statement (IS) or balance sheet (BS) and (2) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders equity (SE) item.
The chart of accounts lists capital accounts first, followed by liabilities, assets, expenses, and revenue.
All of the following increase owners equity except for which one? A. gains B. investments by owners C. revenues D. acquisitions of assets by incurring liabilities
Identify whether each of the following accounts would be considered a permanent account (yes/no) and which financial statement it would be reported on (Balance Sheet, Income Statement, or Retained Earnings Statement). A. Common Stock B. Dividends C. Dividends Payable D. Equipment E. Income Tax Expense F. Income Tax Payable G. Service Revenue H. Unearned Service Revenue I. Net Income

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