Financial Statement

What category does 'Accounts receivable' belong to?

• Expense

• Asset

• Liability

• Revenue

'Cash and cash equivalents' fall under which category?

• Revenue

• Liability

• Asset

• Stockholders' equity

What is the category for 'Net sales'?

• Asset

• Revenue

• Expense

• Liability

'Taxes payable' is classified under which category?

• Liability

• Expense

• Asset

• Stockholders' equity

Where does 'Retained earnings' belong?

• Expense

• Liability

• Stockholders' equity

• Revenue

What is the correct category for 'Cost of products sold'?

• Revenue

• Expense

• Asset

• Liability

'Selling, general, and administrative expense' falls under which category?

• Asset

• Liability

• Expense

• Revenue

What category does 'Income taxes' belong to?

• Expense

• Liability

• Revenue

• Asset

'Accounts payable' is an example of what category?

• Liability

• Stockholders' equity

• Expense

• Asset

In which category would you classify 'Equipment'?

• Expense

• Revenue

• Asset

• Liability