answer of 19,20,21.

19. Expenses are shown in which of the following statements? Income statement Statement of cash flows Statement of financial position Statement of shareholders' equity 20. Retained earnings at the end of the year is calculated using: Beginning retained earnings, net income, and dividends. Ordinary share and dividends. Shareholders' equity, net income, and dividends. Net income and dividends. 21. Match each element of financial statements with its definition Elements Assets Liabilities Equity Revenue Expenses Definitions 1. - Increase in economic benefits during the accounting period other than those relating to contributions from equity participants 2. Present obligations which are expected to result in outflows of resources 3. Resources controlled by the entity from which future economic benefits are expected to flow to the entity Decrease in economic benefits during the accounting period other than those relating to distributions to equity participants 5. Residual interests in the assets of the entity after deducting all its liabilities 4