Identify the appropriate financial statement element. You have to choose element for each of the items listed below.

( Asset ) . ( Assets, liabilities and equity ) . ( Comprehensive income ) , ( Distribution to owners ) . ( Equity ) . ( Expense ) , ( Gain ) .

( Investment by owner ) . ( Liability ) . ( Loss ) , ( Net income ) . ( Revenue )

1. Obligation to transfer cash or other resources as a result of a past transaction.

2. Dividends paid by a corporation to its shareholders.

3. Inflow of an asset from providing a good or service.

4. The financial positon of a company.

5. Increase in equity during a period from nonowner transactions.

6. Incease in equity from peripheral or incidental transaction.

7. Sale of an asset used in the perations of a business for less than the asset's book value.

8. The owner's residual interest in the assets of a company.

9. An item owned by yhe company representin probable future benefits.

10. Revenues plus gain less expeness and losses.

11. An owner's contribution of cash to a corporation in exchange for ownership shares of stock.

12. Outflow of an asset related to the production of revenue.