Account Number (1) (2) (3) (4) (5) (6) (7) (8) Account Title Common Stock Salaries Payable Retained Earnings Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that appear on that particular financial statement.) Multiple Choice Cash Service Revenue Accounts Receivable Salaries Expense Dividends Account numbers 2, 4, and 5 will appear on the income statement.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing
Section: Chapter Questions
Problem 14E
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Account Number
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Account Title
Multiple Choice
Cash
Service Revenue
Accounts Receivable
Salaries Expense
Dividends
Common Stock
Salaries Payable
Retained Earnings
Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that appear on that particular financial statement.)
Account numbers 2, 4, and 5 will appear on the income statement.
Account numbers 1, 3, and 8 will appear on the balance sheet.
Account numbers 4, 5, and 6 will appear on the statement of changes in stockholders' equity.
Account numbers 2, 5, and 8 will appear on the statement of cash flows.
Transcribed Image Text:Account Number (1) (2) (3) (4) (5) (6) (7) (8) Account Title Multiple Choice Cash Service Revenue Accounts Receivable Salaries Expense Dividends Common Stock Salaries Payable Retained Earnings Which of the following is a true statement? (Note: A statement may be true even if it does not identify all accounts that appear on that particular financial statement.) Account numbers 2, 4, and 5 will appear on the income statement. Account numbers 1, 3, and 8 will appear on the balance sheet. Account numbers 4, 5, and 6 will appear on the statement of changes in stockholders' equity. Account numbers 2, 5, and 8 will appear on the statement of cash flows.
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