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For each account listed in 1 through 12 below identify which reporting section a through d) each would appear on a company’s financial statements You may use each letter more than once or not

For each account listed in 1 through 12 below, identify which reporting section (through d) each would appear on a company’s financial statements. You may use each letter more than once or not at all.

 

Reporting Sections of Financial Statements

a.Balance sheet—property, plant, and equipment

b.Balance sheet—intangible assets

c.Balance sheet—other

d.Income statement

_____              1.Depreciation expense

_____              2.Accumulated depreciation

_____              3.Betterments

_____              4.Oil reserve

_____              5.Land

_____              6.Organizational costs

_____              7.Amortization expense

_____              8.Total amortization since inception

_____              9.Gain on sale of patent

_____              10.Copyright

_____              11.Patents

_____              12.Goodwill

Jan 25 2020 View more View Less

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