For each of the following items (A– L), indicate on which financial statement you would expect to find it and briefly explain why you chose that particular statement. Some items may appear on more than one statement.
1. Income statement
2. Statement of retained earnings
3. Balance sheet
4. Statement of cash flows
________ A. Accounts payable
________ B. Accounts receivable
________ C. Beginning retained earnings
________ D. Cash paid to employees
________ E. Cash received from customers
________ F. Dividends paid during the year
________ G. Equipment
________ H. Inventory
________ I. Land
________ J. Net loss
________ K. Revenue from services
________ L. Selling expenses

  • CreatedMarch 25, 2015
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