Annual reports normally include an income statement, statement of changes in equity, balance sheet, and statement of

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Annual reports normally include an income statement, statement of changes in equity, balance sheet, and statement of cash flows.

Required

Identify the financial statements on which each of the following titles or accounts would appear. If a title or an account appears on more than one statement, list all statements that would include it.

a. Retained Earnings

b. Revenue

c. Common Stock

d. Financing Activities

e. Salaries Expense

f. Land

g. Ending Cash Balance

h. Beginning Cash Balance

i. Notes Payable

j. Dividends


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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Survey of Accounting

ISBN: 978-0073379555

2nd edition

Authors: Edmonds, old, Mcnair, Tsay

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