fill in the blanks. 1. the statement of financial position is also known as a(n)
ID: 2818282 • Letter: F
Question
fill in the blanks.
1. the statement of financial position is also known as a(n) ?
2. the inventory account is found on the ?
3. net sales less cost of goods sold yields ?
4. prepaid expenses are a ?
5. which of the following accounts represents the market value of the company ?
6. capital stock is found on the ?
7. the wages accrual adjusting entry credits a liability account and debits.
8. if a liability increases, then.
9. if an owners equity account increases then...
10. blue talon llc purchased a three year insurance policy for $3000. at the end of the first year, blue talon adjusts insurance expense by crediting.
Explanation / Answer
1. the statement of financial position is also known as a(n) ?.......... Balance sheet
2. the inventory account is found on the ? Current Assets Section of Balance sheet
3. net sales less cost of goods sold yields ? Gross profit or Gross Margin
4. prepaid expenses are a ? Current asset
5. which of the following accounts represents the market value of the company ?
Question is incomplete. .... Give the options in the comment. ...... I Can help you.
6. capital stock is found on the ? Shareholders Equity section in Balance sheet
7. the wages accrual adjusting entry credits a liability account and debits Wage Expenses .
8. if a liability increases, then. Asset also increases or another liability decreases
9. if an owners equity account increases then.. Assets Increases
10. blue talon llc purchased a three year insurance policy for $3000. at the end of the first year, blue talon adjusts insurance expense by crediting. Insurance Expenses a/c
Note ........ In case you have multiple choices given and any of the above words does not match.......... kindly comment the options available to you. All the best.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.