Question: Match each account or transaction a through j with one of the ten financial statement elements. Financial Statement Element 1 . Asset 2 . Liability
Match each account or transaction a through j with one of the ten financial statement elements.
Financial Statement Element
Asset
Liability
Equity
Investment by owners
Distribution to owners
Comprehensive income
Revenue
Expense
Gain
Loss
Account or Transaction
a Income tax payable
b Interest receivable
c Sales revenue
d Loss on impairment of intangible asset
e Amortization expense
f Gain on litigation settlement
g Cash dividend declared
h Common stock issued for cash
i Shareholders' equity
j Unrealized gain or loss Other comprehensive income
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