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Managers often consult financial statements for sp...




Managers often consult financial statements for specific types of information. indicate whether each of the following items would appear on the income statement, statement of owner's equity, or the balance sheet. Use I for the income statement, E for the owner's equity, and B for the balance sheet. If an item appears on more than one statement use all letter that apply to that item. 1. Accumulated depreciation on the firm's equipment 2. amount of depreciation charged off on the firm's equipment during the period 3. original cost of the firm's equipment 4. book value of the firm's equipment 5. total expenses for the period 6. accounts payable of the business 7. owner's withdrawals for the period 8. cash on hand 9. revenue earned during the period 10. total assets of the business 11. net income for the period 12. owner's capital at the end of the period. 13 supplies on hand 14 cost of supplies used during the period 15 accounts receivable of the business


Paper#7598 | Written in 18-Jul-2015

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