Matching Questions 1.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...





Matching Questions



1.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 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





May 15, 2022
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