Balence Sheet or Income statement

[Base]

Each of the following items is shown in the financial statements of ExxonMobil Corporation. Identify the financial statement (balance sheet or income statement) in which each item would appear.

a. Accounts payable
b. Cash equivalents
c. Crude oil inventory
d. Equipment
e. Exploration expenses
f. Income taxes payable
g. Investments
h. Long-term debt
i. Marketable securities
j. Notes and loans payable
k. Notes receivable
l. Operating expenses
m. Prepaid taxes
n. Sales
o. Selling expenses

 

[QBCPA75]

a. Accounts payable – Balance Sheet
b. Cash equivalents – Balance Sheet
c. Crude oil inventory – Income Statement
d. Equipment – Balance Sheet
e. Exploration expenses – Income Statement
f. Income taxes payable – Balance Sheet
g. Investments – Balance Sheet
h. Long-term debt – Balance Sheet
i. Marketable securities – Balance Sheet
j. Notes and loans payable – Balance Sheet
k. Notes receivable – Balance Sheet
l. Operating expenses – Income Statement
m. Prepaid taxes – Balance Sheet
n. Sales – Income Statement
o. Selling expenses – Income Statement