Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B),

Question:

Indicate in which financial statement each item would most likely appear: income statement (I), (B), statement of owner’s equity (OE), or statement of cash flows (CF).
a. Assets
b. Revenues
c. Liabilities
d. Equipment
e. Withdrawals
f. Expenses
g. Total liabilities and equity
h. Cash from operating activities
i. Net decrease (or increase) in cash

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...