A random list of various financial statements components follows: (1) Common Stock account ending balance, (2) Common
Question:
A random list of various financial statements components follows:
(1) Common Stock account ending balance,
(2) Common stock issued during the period,
(3) Liabilities,
(4) Financing activities,
(5)Â Investing activities,
(6) Retained Earnings account beginning balance,
(7) Assets,
(8) Expenses,
(9)Â Retained Earnings account ending balance,
(10) Revenues,
(11) Common Stock account beginning balance,
(12) Operating activities, and
(13) Dividends.
Required
Set up a table with the following headings. Identify the financial statements on which each of the preceding components appears by placing a check mark in the appropriate column. If an item appears on more than one statement, place the reference number in every applicable column.
The first component is shown as anexample.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Step by Step Answer:
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward