Can you help me match the questions? 1-11 I have posted the photos and options available
(Abbreviations used: Stmt. = Statement; ret. = retained; beg. = beginning.) Term Denition 1. Accounting equation I: 4_ Expense a. An economic resource that is expected to be of benet in the future 5_ Income statement i. Reports on an entity's assets, liabilities, and stockholders' equity as of a specic date 6. Liability L 7. Net income 8. Net loss 9. Revenue 10. Stmt. of cash ows 11. Stmt. of ret. earnings Term Accounting equation Asset Balance sheet Expense Income statement Liability Net income Net loss PPHPP'PPP.' Revenue 10. Stmt. of cash ows 11. Stmt. of rat. earnings Denition a. An economic resource that is expected to be of benet in the future b. Debts that are owed to creditors c. Excess of total expenses over total revenues d. Excess of total revenues over total expenses e. The basic tool of accounting, stated as Assets = Liabilities + Equity f. Decreases in equity that occur in the course of selling goods or services 9. Increases in equity that occur in the course of selling goods or services h. Reports on a business's cash receipts and cash payments during a period i. Reports on an entity's assets, liabilities, and stockholders' equity as of a specic date j. Reports on an entity's revenues, expenses, and net income or loss for the period k. Report how the company's ret. earnings balance changed from the beg. to the end of the period. (Abbreviations used: Stmt. = Statement; ret. = retained; beg. = beginning.) 1. 2 3 4 5. 6 7 8 9 10. 11. Term Accounting equation Asset Balance sheet Expense Income statement Liability Net income Net loss Revenue Stmt. of cash ows Stmt. of ret. earnings Denition e. The basic tool of accounting, stated as Assets = Liabilities + Equity a. An economic resource that is expected to be of benet in the future i. Reports on an entity's assets, liabilities, and stockholders' equity as of a specic date f. Decreases in equity that occur in the course of selling goods or services i. Reports on an entity's revenues, expenses, and net income or loss for the period b. Debts that are owed to creditors d. Excess of total revenues over total expenses 0. Excess of total expenses overtotal revenues g. Increases in equity that occur in the course of selling goods or services h. Reports on a business's cash receipts and cash payments during a period k. Report how the company's ret. earnings balance changed from the beg. to the end of the period