Essay
Indicate which financial statement would report the following items of information.Some items may appear on more than one statement.You should include all of them in your answer.If an item does not appear on any financial statement,write NONE.
Your choices are as follows:
IS = Income statement
OE = Statement of changes in shareholders' equity
BS = Balance sheet
CF = Statement of cash flows
NONE = Item does not appear on any of the financial statements
Correct Answer:

Verified
Correct Answer:
Verified
Q223: The employees of Dew Drop Inn get
Q224: The total payroll is $4,000 per day
Q225: A computerized accounting system stores duplicate accounting
Q226: Sales revenue is usually considered earned when
Q227: Put an X in the appropriate
Q229: The dollar amount shown on the balance
Q230: Avatar,Inc.bought a machine on January 1,2011 for
Q231: Clean Sweep,Inc.paid $7,200 on May 1,2011 for
Q232: The income statement is sometimes called the
Q233: Explain the difference between accruals and deferrals.