Which of the following accounts would appear on the financial statements of ONLY a manufacturing firm?
A)materials inventory
B)bonds payable
C)prepaid insurance
D)retained earnings

Question

Quizplus · Accepted Answer

Materials inventory is a specific account that is only applicable to a manufacturing firm as it represents the raw materials and supplies needed for production. Bonds payable, prepaid insurance, and retained earnings are accounts that may appear on the financial statements of any type of company.

Which of the Following Accounts Would Appear on the Financial