Listed below are elements of the financial statements. a. Liabilities b. Net change in cash c. Assets

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Listed below are elements of the financial statements.
a. Liabilities
b. Net change in cash
c. Assets
d. Revenue
e. Cash flow from operating activities
f. Expenses
g. Stockholders’ equity
h. Dividends
Required:
Match each financial statement item with its financial statement: balance sheet (B), income statement (I), retained earnings statement (RE), or statement of cash flows (CF).
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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