Of these three financial statements, Balance Sheet, Income Sheet, and Statement of Owners' Equity, place the following accounts under the appropriate financial statement: Interest Receivable            Accounts Payable         Interest Revenue             Accumulated Depreciation Wage Payable

For each of the following assets or liabilities, state whether it is current or non-current: Accounts Payable Cash Property, Plant, and Equipment Note Payable Inventory

How to calcuate the taxes on the income statement under operating expense. Please provide an example. Using numbers from an income statement.

On January 1, 20x2, Gold Company purchased a computer with an expected economic life of five years. On January 1, 20x4, Gold sold the computer to TLK Corporation and recorded the following entry:      Cash                                         39,000     Accumulated Depreciation       16,000                   Computer Equipment             40,000                   Gain on sale of equipment     15,000 TLK Corporation holds 60 percent of Gold’s voting shares. Gold reported net income of P45,000, and TLK reported income from its own operations of P85,000 for 20x4. There is no change in the estimated life of the equipment as a result of the inter-corporate transfer. The consolidated net income for 20x4 will amount to: A. 106,000        C. 120,000B.112,000         D. 130,000

The following are classified as current liabilities on the balance sheet: Inventory, Short-term Debt, and Deferred Revenue. Short-term Debt, Accounts Payable, and Deferred Revenue. Sales Taxes Payable, Current Operating Lease Liabilities, and Common Stock. Short-term Debt, Income Taxes Payable, and Land.