ch013 study guide answers - Cengage

Answers to Study Guide Questions CHAPTER 13 PART 1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

PART 2 1. 2. 3. 4. 5.

PART 3 0. 0. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

True/False F F T F F T T F F F

Completion—Language of Business working capital gross profit cost goods sold income from operations freight in

Financial Statement Classifications

Account Name Wages Expense Accounts Payable Purchases Accounts Receivable Building Freight In Interest Expense Supplies Expense Sales Discounts Unearned Subscription Accumulated Depreciation, Equipment Purchases Returns and Allowances

Financial Statement Income Statement Balance Sheet Income Statement Balance Sheet Balance Sheet Income Statement Income Statement Income Statement Income Statement Balance Sheet

Classification Operating Expense Current Liabilities Cost of Goods Sold Current Assets Plant and Equipment Cost of Goods Sold Other Expenses Operating Expenses Revenue from Sales Current Liabilities

Balance Sheet

Plant and Equipment

Income Statement

Cost of Goods Sold

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