Solved

Match Each Account to the Reporting Section That Identifys It

Question 113

Matching

Match each account to the reporting section that identifys it, You may use each choice more than once or not at all.

Premises:
Depreciation expense
Accumulated depreciation
Betterments
Oil reserve
Land
Organizational costs
Amortization expense
Total amortization since inception
Gain on disposal of plant assets
Copyright
Patents
Goodwill
Responses:
Balance sheet—property, plant, and equipment
Balance sheet—intangible assets
Balance sheet—other
Income statement

Correct Answer:

Depreciation expense
Accumulated depreciation
Betterments
Oil reserve
Land
Organizational costs
Amortization expense
Total amortization since inception
Gain on disposal of plant assets
Copyright
Patents
Goodwill
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