1

2. For each of the following items thata liability (L), or element of stockholders' equity (SE)....

Question

2. For each of the following items thata liability (L), or element of stockholders' equity (SE)....

2. For each of the following items thata liability (L), or element of stockholders equity (SE). For any item that would not appear on the balance sheet, write the letter, N. Retained earnings Accounts payable Selling expense Common stock Accounts receivable Income tax expense Dividends Property and equipment
2. For each of the following items thata liability (L), or element of stockholders' equity (SE). For any item that would not appear on the balance sheet, write the letter, N. Retained earnings Accounts payable Selling expense Common stock Accounts receivable Income tax expense Dividends Property and equipment

Answers

Ans-

Retained earnings Stockholders'equity (SE)
Accounts payable Liability (L)
Selling expense (N)
Common stock Stockholders's equity (SE)
Accounts receivable Asset (A)
Income tax expense (N)
Dividends Liability (L)
Property and equipment Asset (A)


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