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Indicate Whether It Would Appear on the Income Statement (IS)

Question 278

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Indicate whether it would appear on the Income Statement (IS), Statement of Financial Position (FP), or Retained Earnings Statement (RE):

Premises:
Service Revenue
Utilities Expense
Cash
Accounts Payable
Supplies
Salaries and Wages Expense
Accounts Receivable
Retained Earnings ( ending )
Equipment
Advertising Expense
Dividends
Notes Payable
Responses:
Income Statement (IS)
Statement of Financial Position (FP)
Retained Earnings Statement (RE)
B&C

Correct Answer:

Service Revenue
Utilities Expense
Cash
Accounts Payable
Supplies
Salaries and Wages Expense
Accounts Receivable
Retained Earnings ( ending )
Equipment
Advertising Expense
Dividends
Notes Payable
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