For each of the items listed below, identify the appropriate financial statement element.

Element

Item

Obligation to transfer cash or other resources as a result of a past transaction.

Dividends paid by a corporation to its shareholders.

Inflow of an asset from providing a good or service.

The financial position of a company

Increase in equity during a period from nonowner transactions.

Increase in equity from peripheral or incidental transaction.

Sale of an asset used in the operations of a business for less than the asset's book value.

The owners' residual interest in the assets of a company.

An item owned by the company representing probable future benefits

Revenues plus gains less expenses and losses

An owner's contribution of cash to a corporation in exchange for ownership shares of stack

Outflow of an asset related to the production of revenue