Awar d 016outof 016points toots ie roll indus tries is

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Inv entories (7) Interes t ex pens e (8) Ac c ounts pay able (9) Land Stoc k holders ’ equity As s et Rev enue As s et Ex pens e As s et Ex pens e Liability As s et 3. awar d: 0.16 out of 0.16 points Toots ie Roll Indus tries is engaged in the manufac ture and s ale of c andy . Major produc ts inc lude Toots ie Roll, Toots ie Roll Pops , Toots ie Pop Drops , Toots ie Flav or Rolls , Charms , and Blow­Pop lollipops . The following items were lis ted on Toots ie Roll’s rec ent inc ome s tatement and balanc e s heet. Selec t eac h item from the balanc e s heet as an as s et (A), liability (L), or s hareholders ’ equity (SE) and eac h item from the inc ome s tatement as a rev enue (R) or ex pens e (E). (1) Notes pay able to bank s (2) General and adminis trativ e (3) Ac c ounts pay able (4) Div idends pay able (5) Retained earnings (6) Cas h and c as h equiv alents (7) Ac c ounts rec eiv able L E L L SE A A E E A R A E A A L E A (8) Prov is ion for inc ome tax es (9) Cos t of goods s old (10) Mac hinery and equipment (11) Net s ales (12) Inv entories (13) Mark eting, s elling, and adv ertis ing (14) Buildings (15) Land (16) Inc ome tax es pay able (17) Dis tribution and warehous ing c os ts (18) Inv es tments (in other c ompanies...
View Full Document

Ask a homework question - tutors are online