E$2\mathrm{.}5$B $($L$02)($Elements of Financial Statements$)$ Ten interrelated elements that are most directly related to measuring the performance and financial status of an enterprise are provided below.

Assets Distributions to owners Expenses

Liabilities Comprehensive income Gains

Equity Revenues Losses

Investments by owners

Instructions

Identify the elements or elements associated with the $12$ items below.

$($a$)$ Arises from income statement activities that constitute the entity$$s ongoing major or central operations.

$($b$)$ Declares and pays cash dividends to owners.

$($c$)$ Arises from peripheral or incidental transactions.

$($d$)$ Items characterized by service potential or future economic benefit.

$($e$)$ Increases ownership interest.

$($f$)$ Obligation to transfer resources arising from past transactions.

$($g$)$ Increases in net assets in a period from nonowner sources.

$($h$)$ Equals increases in assets less liabilities during the years, after adding distributions to owners and subtracting investments by owners.

$($i$)$ increases assets during period through sale product.

$($j$)$ Residual interest in the assets of the enterprises after deducting its liabilities.

$($k$)$ Includes all changes in equity during the period, except those resulting from investments by owners and distributions to owners.

$($l$)$ Decreases assets during the period by purchasing the company$$s own stock.