Site MapHelpFeedbackMini-Exercises
Mini-Exercises
(See related pages)

 Available with McGraw-Hill's Homework Manager<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0073324833/HM_icon.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (K)</a>

Match each element with its financial statement by entering the appropriate letter in the space provided.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0073324833/pg31_1.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (K)</a>

M1-1
Matching Elements with Financial Statements
LO1

Mark each item in the following list as an asset (A), liability (L), or stockholders' equity (SE) that would appear on the balance sheet or a revenue (R) or expense (E) that would appear on the income statement.

______ (1) Retained earnings

______ (2) Accounts receivable

______ (3) Sales revenue

______ (4) Property, plant, and equipment

______ (5) Cost of goods sold expense

______ (6) Inventories

______ (7) Interest expense

______ (8) Accounts payable

______ (9) Land

M1-2
Matching Financial Statement Items to Financial Statement Categories
LO1

The following is a list of important abbreviations used in the chapter. These abbreviations also are used widely in business. For each abbreviation, give the full designation. The first one is an example.

<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0073324833/pg31_2.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (K)</a>

M1-3


Identifying Important Accounting Abbreviations
LO2, 3







Libby: Fin Accounting HM+, 6eOnline Learning Center

Home > Chapter 1 > Mini-Exercises