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College Accounting (Book Only): A ...

13th Edition
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ISBN: 9781337280570

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BuyFindarrow_forward

College Accounting (Book Only): A ...

13th Edition
Scott + 1 other
ISBN: 9781337280570
Textbook Problem

Indicate with an X whether each of the following would appear on the income statement, statement of owner’s equity, or balance sheet. An item may appear on more than one statement. The first item is provided as an example.

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To determine

Indicate the financial statement on which the accounts appear, using “X” mark.

Explanation

Financial statements: Financial statements are condensed summary of transactions communicated in the form of reports for the purpose of decision making.

Indicate the financial statement on which the accounts appear, using “X” mark.

ItemIncome StatementStatement of Owners’ EquityBalance Sheet
a.  X
b.X  
c.XX 
d.  X
e.X  
f.  X
g. X 
h.X  
i...

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