Assets, liabilities and stockholders' equity are reported on the

, while revenue and expense are reported on the

.

BlackTom题目解析

Question

Assets, liabilities and stockholders' equity are reported on the 
 
, while revenue and expense are reported on the 
 
.

BlackTom题目解析

BlackTom AI · Accepted Answer

The statement presents a two-part fill-in-the-blank about where financial elements are reported.
For the first blank, the correct fill is balance sheet, because assets, liabilities, and stockholders' equity are reported on the balance sheet (the financial position or statement of financial position).
If someone selected 空白1 for the first blank, we would need it to evaluate whether that choice equals 'balance sheet'. Since the provided options are 空白1 through 空白4 without content, the only correct alignment is that the first blank must be filled with 'balance sheet'. Choosing 空白2, 空白3, or 空白4 would be incoherent with the fact that the balance sheet, not those alternatives, contains assets, liabilities, and equity.
For the second blank, the correct fill is income statement, because revenues and expenses are reported on the income statement (the profit-and-loss statement).
If you picked 空白2 for the second blank, you would be selecting a term that does not correspond to revenues and expenses, which would be incorrect. Similarly, 空白3 and 空白4 would also be incorrect for this blank since they do not denote the income statement.
In summary, the proper pair is: first blank = balance sheet; second blank = income statement. The other options fail because they would place the given items on an incorrect financial statement, contradicting standard financial reporting conventions.

Assets, liabilities and stockholders' equity are reported on the , while revenue and expense are reported on the . BlackTom题目解析未知题型

类似问题

What is the date on the front of an annual financial statement?

The Posting Journal is a Financial Statement.

At month-end, you can select to print which of the following financial statements as required by your company's accountant. Select the best answer.

Which of the following is a key user of financial statements?

Why do businesses need financial statements?

Which financial statement will the following items be shown on? 1: Cost of sales 2: Furniture 3: Share equity 4: Sales revenue 5: Unearned revenue 6: Retained earnings 7: Bank loan 8: Salary payable 9: Salary expense 10: Prepaid insurance 11: Insurance expense

What is used to provide the output of the accounting process?

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单