Identify where each of the following accounts would be reported on Coca-Cola's financial statements.
-Amortization expense
A)Balance Sheet-Property, Plant, and Equipment
B)Balance Sheet-Intangible Assets
C)Balance Sheet-Current Assets
D)Balance Sheet-Other Assets
E)Income Statement-Operating Section
F)Income Statement-Other Revenue and Expense Section
G)Statement of Cash Flows

Question

Quizplus · Accepted Answer

Amortization expense represents the depreciation of intangible assets, such as patents or trademarks. It would be reported as an expense in the operating section of the income statement.

Identify Where Each of the Following Accounts Would Be Reported