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28 Nov 2020
Where does the Accumulated Depreciation account appear?
A. Income Statement
B. Statement of Equity
C. Balance Sheet and Income Statement
D. None of the above
Where does the Accumulated Depreciation account appear?
A. Income Statement
B. Statement of Equity
C. Balance Sheet and Income Statement
D. None of the above
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Related questions
Match the transaction to the financial statement:
1)Purchased land for $50,000 cash. Where does the land appear?
2)Received $50,000 cash for services. Where does the revenue appear?
3)Acquired $20,000 cash from the issue of common stock. Where does the common stock appear?
4)What statement reports all cash transactions from all sources?
_______________________________________________________________________________
| A. | Retained Earnings |
| B. | Common Stock |
| C. | Balance sheet statement |
| D. | Income statement |
| E. | Statement of changes in stockholder equity |
| F. | The statement of cash flow |
