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Match the Selected Items from a Classified Balance Sheet and Multiple-Step

Question 151

Multiple Choice

Match the selected items from a classified balance sheet and multiple-step income statement to the section in which they would appear on the classified balance sheet or the income statement.
-Service revenues


A) Current Assets (balance sheet)
B) Property, Plant, & Equipment (balance sheet)
C) Current Liabilities (balance sheet)
D) Long-term Liabilities (balance sheet)
E) Stockholders' Equity (balance sheet)
F) Operating Revenue (income statement)
G) Operating Expenses (income statement)
H) Other Revenue & Expenses (income statement)
I) Income Taxes (income statement)

Correct Answer:

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