For each of the following items A L indicate on
For each of the following items (A– L), indicate on which financial statement you would expect to find it and briefly explain why.
1. Income statement
2. Statement of cash flows
3. Balance sheet
A. Cash paid to suppliers
B. Provision for income taxes (income tax expense)
C. Sales, both cash and on account
D. Dividends paid during the period
E. Buildings
F. Net income
G. Cash received from sale of building
H. Common stock
I. Operating expenses
J. Note payable, due in 5 years
K. Patents
L. Retained earnings
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