Solved

Match the Balance Sheet Account with the Income Statement Account

Question 64

Matching

Match the balance sheet account with the income statement account that is typically audited at the same time.

Premises:
Bonds Payable
Property, Plant, and Equipment
Investments
Prepaid Insurance
Accounts Receivable
Responses:
Investment income
Interest expense
Insurance expense
Bad debt expense
Depreciation expense

Correct Answer:

Bonds Payable
Property, Plant, and Equipment
Investments
Prepaid Insurance
Accounts Receivable
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