Listed below are elements of the financial statements. a. Liabilities b. Net change in cash c. Assets
Question:
a. Liabilities
b. Net change in cash
c. Assets
d. Revenue
e. Cash flow from operating activities
f. Expenses
g. Stockholders’ equity
h. Dividends
Required:
Match each financial statement item with its financial statement: balance sheet (B), income statement (I), retained earnings statement (RE), or statement of cash flows (CF).
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...
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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