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

Question

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

Classify the Following Items According to the Financial Statement on Which