Listed here are a number of financial statement captions. Indicate in the spaces

Question

Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. Use the following abbreviations:

Accumulated depreciation.... Catagory ______?

Loss on sale of short term investments...Category ______?

Net income ...Catagory______? Financial Statement _____?

Other accrued liabilities... category _____? Finaicnal statemnt _____?

dividends paid.....Categroy _______? Financial statement _____?

Additional paid-in capital.....Financial Statement __________?

Interest Income.....Category _______?

Seling expenses...Category________?

Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. Use the following abbreviations:

Explanation / Answer

Solution:

1 Accumulated Depreciation Balance Sheet 2 Loss on sale of short term investments Income statement 3 Net Income Income statement 4 Other current liabilities Balance Sheet 5 Dividends paid Income statement 6 Additiional paid in capital Balance Sheet 7 Interest income Income statement 8 Selling expense Income statement

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