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I can't seem to get past this particular question on my accounting homework, any help would be extremely appreciated. Thank you! The following questions are

I can't seem to get past this particular question on my accounting homework, any help would be extremely appreciated. Thank you!

The following questions are the ones that I cannot figure out, they are c,g, h, i, k and l.

Exercise 2-5

image text in transcribed
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Identify the element or elements associated with these items.

Items

The element

(a) Arises from peripheral or incidental transactions.

image text in transcribed Distributions to OwnersComprehensive IncomeExpensesGainsInvestments by OwnersAssetsRevenues, ExpensesLossesGains, LossesLiabilitiesEquityRevenuesInvestments by Owners, Comprehensive Income

(b) Obligation to transfer resources arising from a past transaction.

image text in transcribed AssetsInvestments by OwnersExpensesDistributions to OwnersGainsInvestments by Owners, Comprehensive IncomeGains, LossesRevenues, ExpensesEquityRevenuesLossesLiabilitiesComprehensive Income

(c) Increases ownership interest.

image text in transcribed RevenuesLossesDistributions to OwnersInvestments by Owners, Comprehensive IncomeInvestments by OwnersExpensesComprehensive IncomeGains, LossesLiabilitiesEquityAssetsGainsRevenues, Expenses

(d) Declares and pays cash dividends to owners.

image text in transcribed Revenues, ExpensesGains, LossesInvestments by OwnersDistributions to OwnersLiabilitiesComprehensive IncomeAssetsEquityInvestments by Owners, Comprehensive IncomeExpensesGainsRevenuesLosses

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

image text in transcribed Gains, LossesLossesInvestments by Owners, Comprehensive IncomeEquityDistributions to OwnersGainsRevenues, ExpensesRevenuesInvestments by OwnersExpensesLiabilitiesComprehensive IncomeAssets

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

image text in transcribed ExpensesInvestments by Owners, Comprehensive IncomeDistributions to OwnersGainsLossesGains, LossesComprehensive IncomeLiabilitiesAssetsRevenues, ExpensesEquityRevenuesInvestments by Owners

(g) Equals increase in assets less liabilities during the year, after adding distributions to owners and subtracting investments by owners.

image text in transcribed EquityExpensesComprehensive IncomeRevenuesInvestments by Owners, Comprehensive IncomeDistributions to OwnersGainsRevenues, ExpensesInvestments by OwnersLossesAssetsGains, LossesLiabilities

(h) Arises from income statement activities that constitute the entitys ongoing major or central operations.

image text in transcribed LiabilitiesRevenues, ExpensesInvestments by Owners, Comprehensive IncomeDistributions to OwnersComprehensive IncomeExpensesEquityRevenuesInvestments by OwnersAssetsGainsLossesGains, Losses

(i) Residual interest in the assets of the enterprise after deducting its liabilities.

image text in transcribed Distributions to OwnersLiabilitiesEquityInvestments by Owners, Comprehensive IncomeComprehensive IncomeRevenuesAssetsRevenues, ExpensesInvestments by OwnersExpensesGainsLossesGains, Losses

(j) Increases assets during a period through sale of product.

image text in transcribed ExpensesGainsEquityLiabilitiesLossesInvestments by OwnersRevenues, ExpensesRevenuesGains, LossesInvestments by Owners, Comprehensive IncomeDistributions to OwnersComprehensive IncomeAssets

(k) Decreases assets during the period by purchasing the companys own stock.

image text in transcribed EquityComprehensive IncomeInvestments by OwnersDistributions to OwnersLossesRevenuesExpensesGainsInvestments by Owners, Comprehensive IncomeLiabilitiesGains, LossesAssetsRevenues, Expenses

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

image text in transcribed Investments by Owners, Comprehensive IncomeComprehensive IncomeDistributions to OwnersInvestments by OwnersLossesGains, LossesRevenuesExpensesLiabilitiesAssetsRevenues, ExpensesEquityGains

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