Match Each Account Name to the Financial Statement Section (A-I)

question 81

Multiple Choice

Match each account name to the financial statement section (a-i) in which it would appear.
-Gain on Sale of Equipment

• A)Current assets
• B)Fixed assets
• C)Intangible assets
• D)Current liability
• E)Long-term liability
• F)Owner's equity
• G)Revenues
• H)Operating expenses
• I)Other revenue and expense

---

Definitions:

Objectives

Specific, measurable goals that an organization or individual aims to achieve.

Guideposts

Markers or indicators that provide direction, advise, or serve as a reference point in decision-making or navigation.

Mission Statements

Formal summaries of the aims and values of a company, organization, or individual, guiding their goals and strategic decisions.

Standards

Established norms or requirements designed to ensure products, services, and processes meet specific criteria for quality and performance.