this multiple choice questions from ACCOUNTING PRINCIPLES I 13. Depreciation Expense appears on thea. Balance Sheetb. Retained Earnings Statementc. Statement of Cash Flowsd. Income Statement14. Accumulated Depreciation appears on the:a. Balance Sheet in the property, plant and equipment sectionb. Balance Sheet in the Current Assets sectionc. Balance Sheet in the Long-Term Liabilities sectiond. Income Statement as an Operating Expense15. Notes Receivable due in 60 days appears on the:a. Balance Sheet in the Current Assets sectionb. Balance Sheet in the Fixed Asset sectionC. Balance Sheet in the Current Liabilities sectiond. Income Statement as Revenue

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Description: this multiple choice questions from ACCOUNTING PRINCIPLES I 13. Depreciation Expense appears on thea. Balance Sheetb. Retained Earnings Statementc. Statement of Cash Flowsd. Income Statement14. Accumulated Depreciation appears on the:a. Balance Sheet

Question 13 option D is correct income statement Depreciation appears on income statement.

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this multiple choice questions from ACCOUNTING PRINCIPLES I

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter4: Income Measurement And Accrual Accounting

Section: Chapter Questions

Problem 4.33E

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Common categories of a classified balance sheet Include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, Identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. 1. Notes receivable (due in 2 years) 2. Interest payable (due in 1 week) 3. Long-term investment in stock 4. Wages payable 5. Trademarks 6. Salaries payable 7. Merchandise inventory 8. Prepaid Insurance (expires in 5 months) 9. Rental revenue 10. Unearned revenue 11. Accounts receivable 12. Accounts payable 13. Short-term investments 14. Taxes payable (Due in 5 weeks) 15. Supplies 16. Goodwill 17. Office supplies 18. Franchises 19. Store supplies 20. Copyrights