The following accounts appear on either the income statement (IS) or balance sheet (BS). In the space provided next to each account write the letters IS or BS that identify the statement on which the account appears.

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The Answer of The following accounts appear on either the income statement (IS) or balance sheet (BS). In the space provided next to each account write the letters IS or BS that identify the statement on which the account appears.

The Following Accounts Appear on Either the Income Statement (IS)