Match the description a through $h$ with the appropriate element of the financial statement by writing the

designated letter with the element: $(8$ POINTS$)$

Revenue

Expenses

Gains

for

Losses

creditors$)$

Assets

Liabilities

provided

Equity

nvestment by owners

a$.$ the net worth $($or net assets$)$ of the organization

b$.$ items the organization owns, controls, or has a claim to

c$.$ cash or other assets provided to the organization in exchange

an ownership

d$.$ amounts the organization owes to others $($also called

e$.$ costs of providing the goods or services for which the

organization earns revenue

f$.$ value of goods and services the organization sold or

g$.$ losses are similar to expenses but related to "incidental or

peripheral" activities of the organization

h$.$ gains are similar to revenue but relate to "incidental or

Peripheral" activities of the organization