Match each element with its financial statement by entering the appropriate letter in the space provided. Element

Question:

Match each element with its financial statement by entering the appropriate letter in the space provided.
Element
____ 1. Expenses
____ 2. Cash flows from investing activities
____ 3. Assets
____ 4. Withdrawals
____ 5. Revenues
____ 6. Cash flows from operating activities
____ 7. Liabilities
____ 8. Cash flows from financing activities
Financial Statement
A. Income statement
C. Statement of owner's equity
D. Statement of cash flows
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...