OPTIONS:

Consider the following typical accounts and statement items and indicate on which statement(s)-income statement, 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. Sales 2. Cash 3. Cash provided by operating activities 4. Service revenue 5. Common shares 6. Dividends declared 7. Net income 8. Accounts receivable 9. Inventory 10. Income tax expense 11. Interest expense 12. Cash used by investing activities 13. Equipment 14. Retained earnings 15. Bank loan payable Statement of Changes in Equity Income Statement Statement of Changes in Equity and Statement of Financial Position Statement of Financial Position Statement of Cash Flows Income Statement and Statement of Changes in Equity Statement of Financial Position and Statement of Cash Flows