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E 2 . 5 B ( L 0 2 ) ( Elements of Financial Statements ) Ten interrelated elements that are most directly related to

E2.5B (L02)(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 entitys 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.

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