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Indicate Whether the Following Items Would Appear on the Statement

Question 114

Essay

Indicate whether the following items would appear on the statement of financial position (FP), income statement (IS), or retained earnings statement (RE).
1. Advertising expense
2. Accounts receivable
3. Dividends
4. Rent revenue
5. Salaries and wages payable
6. Supplies

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1. Income statement (IS) 4. Income state...

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