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Use the Following Code to Identify the Financial Statement(s)where Each

Question 222

Short Answer

Use the following code to identify the financial statement(s)where each of these line items is shown.(Remember that some line items may be found on more than one statement.)
a.Balance sheet
b.Income statement
c.Statement of changes in shareholders' equity
d.Statement of cash flows
______ 1.Interest receivable
______ 2.Interest expense
______ 3.Interest paid to creditors
______ 4.Office supplies
______ 5.Depreciation expense
______ 6.Equipment
______ 7.Accumulated depreciation
______ 8.Office supplies expense
______ 9.Prepaid rent
______ 10.Rent expense

Correct Answer:

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