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Indicate for Each of the Following Items If the Item

Question 126

Essay

Indicate for each of the following items if the item would be reported on the income statement (IS),statement of changes in stockholders' equity (SE),balance sheet (BS),or statement of cash flows (CF).Some items may appear on more than one statement;if so,identify all applicable statements.
1)Salaries payable
2)Prepaid insurance
3)Dividends paid to stockholders
4)Interest revenue
5)Accounts payable
6)Salaries expense
7)Retained earnings
8)Unearned subscription revenue
9)Cash flows from operating activities
10)Beginning common stock
11)Issued stock to investors for cash
12)Accounts receivable

Correct Answer:

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1)BS,2)BS,3)SE and C...

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