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All of the answer choices are listed, and are: Distribution to owners, Assets, liabilities and Equity Asset Comprehensive Income 4 For each of the items
All of the answer choices are listed, and are:
Distribution to owners,
Assets, liabilities and Equity
Asset
Comprehensive Income
4 For each of the items listed below, identify the appropriate financial statement element Answer is complete but not entirely correct. 1 points 1. x 2. 3. 3 X 4. 5. 6. Item Obligation to transfer cash or other resources as a result of a past transaction Dividends paid by a corporation to its shareholders. Inflow of an asset from providing a good or service The financial position of a company Increase in equity during a period from nonowner transactions. Increase in equity from peripheral or incidental transaction. Sale of an asset used in the operations of a business for less than the asset's book value. The owners' residual interest in the assets of a company. An item owned by the company representing probable future benefits. Revenues plus gains less expenses and losses An owner's contribution of cash to a corporation in exchange for ownership shares of stock. Outflow of an asset related to the production of revenue. Element Assets, liabilities and equity Distribution to owners Assets, liabilities and equity Assets, liabilities and equity Comprehensive income Comprehensive income Assets, liabilities and equity Distribution to owners Asset Comprehensive income Assets, liabilities and equity Assets, liabilities and equity x 7. X 8. X 9. 10. X 11. X 12. XStep by Step Solution
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