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Answer all questions. Put the correct letters to each Account or Heading. An Account or Heading may have 1 or 2 financial statements associated with
Answer all questions. Put the correct letters to each Account or Heading. An Account or Heading may have 1 or 2 financial statements associated with them. Make sure all answers are correct. PoL1
Suppose you are analyzing the financial statements of Corley, Inc. Identify each item with its appropriate tinancial statoment, using the tollowing abbreviations: Income statoment (), Statement of retained earmings (R), Balance sheet (B), and Statoment of cash flows (C) Three items appear on two financial statements, and one item shows up on three statements. (Fill in all of the boxes before checking your answers) Identify each account or heading with the appropriate financial statementis). Account or Heading Financial Statement a. Salary expense b. Dividends c.Accounts payable d. Net income e. Common stock C, R C,I, R g. Interest revenue h. Cash i. Retained earnings j. Long-term debt k. Increase or decrease in cash I. Net cash provided by operating activities m. Sales revenue n. Net cash used for financing activities B. C B, R
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