Matching Questions
1.For each account listed in 1 through 12 below, identify which reporting section (athroughd)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
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