Classify the following items according to the financial statements on which each belongs, either the income statement (IS), statement of retained earnings (RE), or the balance sheet (BS). Also indicate whether each is a revenue (R), expense (E), asset (A), liability (
L), or stockholders' equity (S
E) item.

Question

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The Answer of Classify the following items according to the financial statements on which each belongs, either the income statement (IS), statement of retained earnings (RE), or the balance sheet (BS). Also indicate whether each is a revenue (R), expense (E), asset (A), liability (
L), or stockholders' equity (S
E) item.

Classify the Following Items According to the Financial Statements on Which