Oakley, Inc., manufactures sunglasses, goggles, shoes, watches, footwear, and clothing. Recently, the company reported the following items

Question:

Oakley, Inc., manufactures sunglasses, goggles, shoes, watches, footwear, and clothing. Recently, the company reported the following items in its financial statements. Indicate whether these items appeared on the (B/S), income statement (I/S), statement of owners' equity (SOE), or statement of cash flows (SCF).
___ 1. Total owners' equity
___ 2. Sales Revenue
___ 3. Total assets
___ 4. Cash flows from operating activities
___ 5. Total liabilities
____ 6. Net income
___ 7. Cash flows from financing activities
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...