Identify the items may appear in income statement


Response to the following problem:

List where each of the following items may appear. Choose from (A) income statement, (B) balance sheet, or (C) reconciliation of retained earnings.

a. Dividends paid

b. Notes payable

c. Income from noncontrolling interest

d. Accrued payrolls

e. Loss on disposal of equipment

f. Land

g. Adjustments of prior periods

h. Redeemable preferred stock

i. Treasury stock

j. Extraordinary loss

k. Unrealized exchange gains and losses

l. Equity in net income of affiliates

m. Goodwill

n. Unrealized decline in market value of equity investment

o. Cumulative effect of change in accounting principle

p. Common stock

q. Cost of goods sold

r. Supplies .

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Accounting Basics: Identify the items may appear in income statement
Reference No:- TGS02106685

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