Full file at https://testbankuniv.eu/College-Accounting-12th-Edition-Slater-Test-Bank
2) Accounts Payable would appear on which financial statement? A) Balance sheet B) Income statement C) Owner's equity statement D) None of these answers are correct. Answer: A Diff: 2 LO: 2-4 AACSB: Reflective Thinking Skills Learning Outcome: Describe the components of and prepare the four basic financial statements 3) The left column of a financial statement is often used to: A) show debits. B) show credits. C) show totals. D) subtotal numbers. Answer: D Diff: 2 LO: 2-4 AACSB: Reflective Thinking Skills Learning Outcome: Describe the components of and prepare the four basic financial statements 4) The Beginning Capital account would appear on which financial statement? A) Statement of owner's equity B) Balance sheet C) Income statement D) None of these answers are correct. Answer: A Diff: 3 LO: 2-4 AACSB: Reflective Thinking Skills Learning Outcome: Describe the components of and prepare the four basic financial statements 5) The income statement contains: A) liabilities. B) revenues. C) assets. D) Both B and C are correct. Answer: B Diff: 2 LO: 2-4 AACSB: Reflective Thinking Skills Learning Outcome: Describe the components of and prepare the four basic financial statements
34 Copyright Š 2013 Pearson Education, Inc. publishing as Prentice Hall
Full file at https://testbankuniv.eu/College-Accounting-12th-Edition-Slater-Test-Bank