Parrish 1-2 (Accounts on Statement(s) ) This is a problem in my workbook. It asks what accounts appear on what statement or statements. I have once or twice received the wrong answer for a question. I just ask that you be certain about your answer so it will help me have a better understanding. The workbook does say that the accounts may appear on more than one financial statement. 1) Net Income 2) End of period retained earnings balance 3) Net decrease in cash 4) Depreciation expense 5) End of period cash balance 6) Beginning of Period retained earnings balance

Parrish 1-2 (Accounts on Statement(s) ) This is a problem in my workbook. It asks what accounts appear on what statement or statements. I have once or twice received the wrong answer for a question. I just ask that you be certain about your answer so it will help me have a better understanding. The workbook does say that the accounts may appear on more than one financial statement. 1) Net Income 2) End of period retained earnings balance 3) Net decrease in cash 4) Depreciation expense 5) End of period cash balance 6) Beginning of Period retained earnings balance

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4EA: Identify the financial statement on which each of the following accounts would appear: the income...

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Question

Parrish 1-2 (Accounts on Statement(s) )

This is a problem in my workbook. It asks what accounts appear on what statement or statements. I have once or twice received the wrong answer for a question. I just ask that you be certain about your answer so it will help me have a better understanding. The workbook does say that the accounts may appear on more than one financial statement.

1) Net Income

2) End of period retained earnings balance

3) Net decrease in cash

4) Depreciation expense

5) End of period cash balance

6) Beginning of Period retained earnings balance

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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