Case 2-66 Research and Analysis Using the Annual Report
Obtain General Electric’s 2016 annual report either through the “Investor Relations" portion of its website (do a web search for GE investor relations] or go to www.sec.gov and click “Company Filings Search” under “Filings.”
Required:
2. What is the normal balance for the following amounts?
a. Current Receivables
b. Short-Term Borrowings
c. Sales of Services
d. Property, Plant, and Equipment-Net
e. Cost of Goods Sold
f. Inventories
g. Retained Earnings
Normal Balance:
A normal balance is the usual and expected balance to be shown on the debit or credit side of a particular account. The normal balance of asset and expense accounts is shown on the debit side and liabilities and equity accounts are shown on the credit side.
The normal balance for the accounts.
An account either has debit balance or credit. The normal balance of an account determines whether an account would have a debit or credit balance. Accounts like current receivables, property, plant, and equipment would have a debit balance because these accounts are of asset nature...
Accounting Information Systems
Financial & Managerial Accounting
Corporate Financial Accounting
Principles of Economics (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Principles of Microeconomics (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Foundations of Business (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Brief Principles of Macroeconomics (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Financial And Managerial Accounting
Database Systems: Design, Implementation, & Management
Database Systems: Design, Implementation, & Management
Fundamentals of Information Systems
A Guide to SQL
Fundamentals of Information Systems
Principles of Information Security (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Fundamentals of Geotechnical Engineering (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Management Of Information Security
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
EBK ELECTRICAL WIRING RESIDENTIAL
Electric Motor Control
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Solid Waste Engineering
Principles of Geotechnical Engineering (MindTap Course List)
International Edition---engineering Mechanics: Statics, 4th Edition
Automotive Technology
Steel Design (Activate Learning with these NEW titles from Engineering!)
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Network+ Guide to Networks (MindTap Course List)