Finding Financial Information: Matching Financial Statements with the Elements of Financial Statements Match each financial statement with
Question:
Match each financial statement with the items presented on it by entering the appropriate letter in the space provided.
Elements of Financial Statements Financial Statements
___ (1) Expenses A. Income statement
___ (2) Cash from operating activities B. Balance sheet
___ (3) Losses C. Cash flow statement
___ (4) Assets D. None of the above
___ (5) Revenues
___ (6) Cash from financing activities
___ (7) Gains
___ (8) Owners’ equity
___ (9) Liabilities
___ (10) Assets personally owned by a stockholder
Financial Statements
Financial 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...
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