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asset, expense, liability or revenue Check my work According to its annual...

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Accounting

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Check my work According to its annual report, P&G's billion-dollar brands include Pampers, Tide, Ariel, Always, Pantene, Bounty. Charmin, Downy, Olay, Crest, Vicks, Gillette, Duracell, and others. The following are items taken from its recent balanc sheet and income statement. Note that different companies use slightly different titles for the same item. Select each item in the following list as an asset, liability, or stockholders' equity item that would appear on the balance sheet or a revenue or expense item that would appear on the income statement. Categories Financial Statement Items (1) Accounts receivable (2) Cash and cash equivalents Net sales (4) Debt due within one year (5) Taxes payable (6) Retained earnings (7) Cost of products sold (8) Selling, general, and administrative expense (9) Income taxes (10) Accounts payable (11) Trademarks and other intangible assets (12) Property, plant, and equipment (13) Long-term debt (14) Inventories (15) Interest expense 1 of 8 Next >

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