Listed Below Are a Number of Financial Statement Captions

question 9

Essay

Listed below are a number of financial statement captions.Indicate in the spaces to the right of each caption (1)the category of each item, and (2)the financial statement on which the item can usually be found.
$$\begin{array} { l l l l } { \text { Category } } && { \text { Financial Statement } } \\\text { Asset } & \text { A } & \text { Balance sheet } & \text { BS } \\\text { Liability } & \text { L } & \text { Income statement } & \text { IS } \\\text { Stockholders' Equity } & \text { SE } & & \\\text { Revenue } & \text { R } & & \\\text { Expense } & \text { E } & & \\\text { Gain } & \text { G } & & \\\text { Loss } & \text { LS } & &\end{array}$$ $\begin{array}{lcc}&(1)&(2)\\ \text { Accounts receivable} &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Cost of goods sold} &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Retained earnings } &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Interest revenue} &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Loss on sale of building } &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Notes payable } &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Additional paid-in capital } &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Equipment} &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Short-term debt} &\underline{\quad\quad}&\underline{\quad\quad}\\ \text { General expense } &\underline{\quad\quad}&\underline{\quad\quad} \\\end{array}$

---

Definitions:

Passionate Love

A profound and intense emotional state of being deeply in love, marked by enthusiasm and a strong longing for someone's presence.

Passionate Love

An intense emotional state characterized by a powerful longing for union with another person.

Western Culture

Refers to the social norms, values, traditions, and artistic expression prevalent in Western societies, notably in Europe and the Americas.

Coolidge Effect

A phenomenon observed in animals and sometimes humans, where males exhibit renewed sexual interest when introduced to new receptive females.