(Classifying items on the financial statements, LO 1, 3) Name the financial statement (balance sheet, income statement,...
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(Classifying items on the financial statements, LO 1, 3) Name the financial statement
(balance sheet, income statement, statement of shareholders’ equity, statement of cash flows) on which each of the following items would appear. Some items may appear on more than one statement.
a. Sales to customers
b. Amounts owed to employees
c. Land
d. Retained earnings
e. Cash spent to purchase new equipment
f. Cash from financing activities g. Net income h. Amount borrowed from the bank
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