Each of the following items is shown in the financial statements of Exxon Mobil Corporation. Identify the financial statement (balance sheet or income statement) in which each item would appear.
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a. |
Accounts payable |
i. |
Marketable securities |
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b. Cash equivalents |
j. |
Notes and loans payable |
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c. |
Crude oil inventory |
k. |
Notes receivable |
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d. Equipment |
l. |
Operating expenses |
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e. |
Exploration expenses |
m. Prepaid taxes |
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f. |
Income taxes payable |
n. |
Sales |
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g. Investments |
o. |
Selling expenses |
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h. Long term debt |
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