Identify whether each of the following items would appear on the income statement (IS), statement of changes
Question:
Identify whether each of the following items would appear on the income statement (IS), statement of changes in stockholders’ equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable statements. If an item would not appear on any financial statement, label it NA.
a. Supplies
b. Cash Flow from Financing Activities
c. “As of” Date Notation
d. Ending Retained Earnings
e. Net Income
f. Dividends
g. Net Change in Cash
h. “For the Period Ended”
i. Land
j. Ending Common Stock
k. Salaries Expense
l. Prepaid Rent
m. Accounts Payable
n. Total Assets
o. Salaries Payable
p. Insurance Expense
q. Notes Payable
r. Accounts Receivable
s. Interest Receivable
t. Interest Revenue
u. Rent Expense
v. Price/Earnings Ratio
w. Taxes Payable
x. Unearned Revenue
y. Service Revenue
z. Cash Flow from Investing Activities
aa. Consulting Revenue
bb. Utilities Expense
cc. Ending Common Stock
dd. Total Liabilities
ee. Operating Cycle
ff. Cash Flow from Operating Activities
gg. Operating Expenses
hh. Supplies Expense
ii. Beginning Retained Earnings
jj. Beginning Common Stock
kk. Prepaid Insurance
ll. Salary Expense
mm. Beginning Cash Balance
nn. Ending Cash Balance
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...
Step by Step Answer:
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds