Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.Match each account name to the financial statement section in which it would appear.Clear llOperating ExpensesAccumulated Depreciation-BuildingsCurrent AssetsDepreciation ExpenseCurrent LiabilityAmortization ExpenseFixed AssetsLand ImprovementsOther Income/Expense

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Description: Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.Match each account name to the financial statement section in which it would appear.Clear llOperating ExpensesAccumulated Deprec

1. ACCUMULATED DEPRECIATION - BUILDINGS AND LAND IMPROVEMENTS BOTH ARE RELATED TO FIXED ASSETS . 2.…

Business

Accounting

Match each account name to the financial statement section in which it would appear. Clear Al Operating Expenses Accumulated Depreciation- Buildings Current Assets Depreciation Expense Current Liability Amortization Expense Fixed Assets Land Improvements Other Income/Expense

Match each account name to the financial statement section in which it would appear. Clear Al Operating Expenses Accumulated Depreciation- Buildings Current Assets Depreciation Expense Current Liability Amortization Expense Fixed Assets Land Improvements Other Income/Expense

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 1PA: Identify whether each of the following accounts would be considered a permanent account (yes/no) and...

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Classify the accounts listed below by matching the account name with one of the following financial statementsections in which the account would be reported:a. Current Assetsb. Fixed Assetsc. Intangible Assetsd. Current Liabilitye. Long-Term Liabilityf. Owners’ Equityg. Revenuesh. Operating Expensesi. Other Income/Expense____ 31. Buildings____ 32. Accumulated Depreciation - Buildings____ 33. Depreciation Expense____ 34. Trademarks____ 35. Amortization Expense____ 36. Repairs Expense____ 37. Land Improvements____ 38. Gain on sale of equipment____ 39. Loss on disposal of asset____ 40. Loss from Impaired Goodwill
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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. Accumulated Depreciation B. Buildings C. Depreciation Expense D. Equipment E. Fees Earned Revenue F. Insurance Expense G. Prepaid Insurance H. Supplies Expense I. Dividends
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