Listed below are elements of the financial statements. a. Revenue b. Assets c. Dividends d. Net change

Question:

Listed below are elements of the financial statements.
a. Revenue
b. Assets
c. Dividends
d. Net change in cash
e. Expenses
f. Cash flow from operating activities
g. Liabilities
h. Stockholders’ equity

Required:
Match each financial statement item with its financial statement: (B), income statement (I), statement of retained earnings (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...