Indicate on Which Financial Statement You Would Expect to Find

question 22

Essay

Indicate on which financial statement you would expect to find each of the following. If an item can be found on more than one statement, list each statement. $$\begin{array} { | l | l | } \hline \text { Example: Cash } & \text { Balance Sheet } \\\hline \text { Notes payable } & \\\hline \text { Wages expense } & \\\hline \text { Cost of goods sold } & \\\hline \text { Sales revenue } & \\\hline \text { Inventory } & \\\hline \text { Income tax expense } & \\\hline \text { Dividends } & \\\hline \text { Retained earnings } & \\\hline \text { Accounts payable } & \\\hline \text { Equipment } & \\\hline\end{array}$$

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Definitions:

Confidence Interval

A band of values, yielded by analyzing sample data, which has a good chance of capturing the value of an unknown population variable.

Mean

The average value obtained by dividing the sum of all values in a set by the number of values.

Population Standard Error

A measure that estimates the standard deviation of the sampling distribution of a statistic for a population.

Confidence Interval

A set of values generated from the study of a sample, anticipated to include the parameter of an unobserved population.