Financial statements of continental airlines

Reference no: EM13664548

The following accounts appeared in recent financial statements of continental airlines:

accounts payable
air traffic liability
aircraft fuel expense
cargo and mail revenue
comissions (expense)
flight equipment
landing fees
passenger revenue
purchase deposit for flight equipment
spare parts and supplies

Identify each account as a balance sheet account or an income statement account. for each balance sheet account, identitfy it as an assest, liability, or owners equity, For each income statement account, identify it as a revenue or expense?

Reference no: EM13664548

Questions Cloud

Normalize the wave function : Normalize the wave function

Oxide can be obtained from 25.0g of the metal : What weight of the oxide can be obtained from 25.0g of the metal

Compute the amount received for the bonds : Compute the amount received for the bonds.

Discuss how the bible and accounting ethics are related : Discuss how the Bible and accounting ethics are related. Use specific passages in the Bible to support your response.

Financial statements of continental airlines : Financial statements of continental airlines

Offering accounting services to health care organizations : Offering accounting services to health care organizations and would like you to brief your entire department on the fundamentals. Prepare this in the format of an outline not a report or memo.

Consider the earnings process applying to a travel agent : Consider the earnings process applying to a travel agent and an airline company and then defend the criteria for recognizing revenue in each of the two cases.

The most common federal income tax deduction : Review some of the most common federal income tax deduction

Self-employed for purposes of the code : Self-employed for purposes of the Code?

User Account

All Pages