Linking the Core Statements Flashcards
1
Q
What would this Income Statement item be linked to on the Balance Sheet?
[Net Income]
A
Retained Earnings, Dividends
2
Q
What would this Income Statement item be linked to on the Balance Sheet?
[Income Tax]
A
Income Taxes Payable
3
Q
What would this Income Statement item be linked to on the Balance Sheet?
[Interest Expense]
A
Accrued Interest Expense
4
Q
What would this Income Statement item be linked to on the Balance Sheet?
[Amortization]
A
Intangibles
5
Q
What would this Income Statement item be linked to on the Balance Sheet?
[Depreciation]
A
PP&E
6
Q
What would this Income Statement item be linked to on the Balance Sheet?
[SG&A Expense]
A
Accrued Operating Expense
7
Q
What would this Income Statement item be linked to on the Balance Sheet?
[SG&A Expense]
A
