Please help :-/ I am lost on the second page and would love my answers to be checked please. See attached. Any helpful explanations of the Assets vs Liabilities and Stockholder Equity is greatly appreciated. Especially the stockholder's equity. And how does a loan impact all the sheets? Ugh struggling.

Name: Date: Merideth McDaniel May 5, 2017 Matching Referring to the items listed below, place the appropriate letter next to the corresponding description. a. b. c. d. e. f. 1. 2. 3. 4. Accounting equation Assets Corporation Dividends Liabilities Manufacturing company j d q c g. h. i. j. k. l. Merchandising company Net income Net loss Profitability Salaries expense Stockholders'equity / Total equities m. n. o. p. q. r. Ability to generate earnings. Cash paid to stockholders as distribution of income. Exchanges of goods and services that are objective and that occur at an An organization owned by stockholders and managed by officers who ge the owners. tion. Service company Single proprietorship Solvency Stockholders' equity Transactions Statement of cash flows ncome. ective and that occur at an agreed-upon price. managed by officers who generally are people other than Completion and Exercises Fill in the blanks using the dropdown list. 1. 2. 3. 4. balance sheet income statement economic monetary partnership proprietorship corporation assets liabilities stockholders' equity The __________ __________ (sometimes called the statement of financ __________ shows profitability. Accounting deals primarily with information regarding __________ activ __________, __________, and __________ are the three forms of owne The balance sheet of a business corporation usually shows three classes __________ __________; while the income statement shows two classe Completion and Exercises __ (sometimes called the statement of financial position) reflects a firm's solvency, while the __________ bility. with information regarding __________ activities of a business and is expressed in __________ terms. and __________ are the three forms of ownership of business organizations. iness corporation usually shows three classes of items, namely (a) __________, (b) __________, and (c) while the income statement shows two classes, namely, (a) __________ and (b) __________