Suppose you are analyzing the financial statements of Bartelle, Inc.

Suppose you are analyzing the financial statements of Bartelle, Inc. Identify each item with its appropriate financial statement, using the following abbreviations: Income statement (I), Statement of retained earnings (R), Balance sheet (B), and Statement of cash flows (C). Three items appear on two financial statements, and one item shows up on three statements.
a. ____ Accounts payable
b.
____ Inventory
c. ____ Interest revenue
d. ____ Long-term debt
e. ____ Net cash used for financing activities
f. ____ Salary expense
g. ____ Cash
h. ____ Dividends
i. ____ Increase or decrease in cash
j. ____ Net income
k. ____ Net cash provided by operating activities
l. ____ Retained earnings
m. ____ Sales revenue
n. ____ Common stock
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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