Question: I got number 1,4 and 14 wrong. Can someone help on these thank you. The choices are: Statement of Changes in Equity and and Statement
I got number 1,4 and 14 wrong. Can someone help on these thank you. The choices are: Statement of Changes in Equity and and Statement of Financial Position Statement of Changes in Equity Statement of Cash Flows Statement of Income Statement of Financial Position and Statement of Cash Flows Statement of Income and Statement of Changes in Equity
Consider the following typical accounts and statement items and indicate on which statement(s)-statement of income, statement of financial position, statement of changes in equity, and/or statement of cash flows-you would find each of the accounts or items. 1. Interest income Statement of Financial Position 2. Cash Statement of Financial Position and Statement of Cash Flows 3. Cash provided by operating activities Statement of Cash Flows 4. Service revenue Statement of Income and Statement of Changes in Eauitv 5. Common shares Statement of Changes in Equity and Statement of Financial Position 6. Dividends declared Statement of Changes in Equity 7. Net income Statement of Income and Statement of Changes in Equity 8. Accounts receivable Statement of Financial Position 9. Inventory Statement of Financial Position 10. Income tax expense Statement of Income 11. Interest expense Statement of Income 12. Cash used by investing activities Statement of Cash Flows 13. Equipment Statement of Financial Position 14. Retained earnings Statement of Financial Position 15. Bank loan payable Statement of Financial Position
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