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Listed below are a number of financial statement captions. Indicate in the spaces to the right of each caption (1) the category of each item, and (2) the financial statement(s) on which the item can usually be found.
Category Financial Statement
Asset A Balance Sheet BS
Liability L Income Statement IS
Owners Equity OE Statement of changes in owners equity SOE
Cost of goods sold...
Loss on sale of building...
Account Category Fin'l Stmt
1. Accounts receivable
2. Cost of goods sold
3. Retained earnings
4. Interest income
5. Loss on sale of building
7. Short-term debt© BrainMass Inc. brainmass.com June 4, 2020, 12:45 am ad1c9bdddf
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