Question: There are four basic financial statements: Income Statement, Balance Sheet; Statement of Changes in Equity, and Cash Flow Statement. Next to each of the following

There are four basic financial statements: Income Statement, Balance Sheet; Statement of Changes in Equity, and Cash Flow Statement. Next to each of the following items, write the name of the financial statement that applies:

Net Income

Beginning Stockholders Equity

Cash

Professional Fees

Accounts Receivable

Advertising Expense

Equipment

Land

Issuance of Bonds

Issuance of Stock

There are four basic financial statements: Income Statement, Balance Sheet; Statement

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