(Solved): IV. Problems Problem 1 Mark each of the following balance sheet items as an asset (A), Mability (IU) ...

IV. Problems Problem 1 Mark each of the following balance sheet items as an asset (A), Mability (IU) or stockholder equity (SE) and each of the income statement items as a revenue (R) or expense (E). Accounts payable Accounts recelvable Cost of goods sold Selling, general and administrative expenses Income taxes payable Inventories Investments Cash and cash equivalents Land Property, plant and equipment Net sales Notes payable to banks Provision for income taxes (expense) Retained earnings