Indicate whether each of the following statements regarding preparing financial statements is true or false.a)Accounts receivable is a liability account.b)Salaries payable is on the income statement.c)Interest expense is on the income statement.d)Accounts payable is on the statement of cash flows.e)Notes payable is a liability account.f)Interest payable is an asset account.

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The Answer of Indicate whether each of the following statements regarding preparing financial statements is true or false.a)Accounts receivable is a liability account.b)Salaries payable is on the income statement.c)Interest expense is on the income statement.d)Accounts payable is on the statement of cash flows.e)Notes payable is a liability account.f)Interest payable is an asset account.

Indicate Whether Each of the Following Statements Regarding Preparing Financial