Identify Whether the Following Items Would Be Reported on the Income

question 137

Essay

Identify whether the following items would be reported on the income statement (IS) or statement of financial position (FP).
1. Cash
2. Service Revenue
3. Notes Payable
4. Interest Expense
5. Accounts Receivable

---

Definitions:

Try/Catch

A construct in various programming languages designed to handle exceptions by testing a block of code (try) and catching errors (catch) to prevent program crash.

JList GUI

A component in the Java Swing library that displays a list of objects enabling the user to select one or more items visually.

ActionStateChanged

An event listener in Java programming that responds to changes in the state of an action or component.

JList

A Swing component in Java that allows users to select one or more objects from a list of objects displayed within a scrolling panel.