LO1-1 Match each element with its financial statement by entering the appropriate letter in the space provided. (1) (2) (3) (4) (5) (6) (7) (8) Element Expenses Cash flow from investing activities Assets Dividends Revenues Cash flow from operating activities Liabilities Cash flow from financing activities Financial Statement A. Balance sheet B. Income statement C. Statement of stockholders' equity D. Statement of cash flows
LO1-1 Match each element with its financial statement by entering the appropriate letter in the space provided. (1) (2) (3) (4) (5) (6) (7) (8) Element Expenses Cash flow from investing activities Assets Dividends Revenues Cash flow from operating activities Liabilities Cash flow from financing activities Financial Statement A. Balance sheet B. Income statement C. Statement of stockholders' equity D. Statement of cash flows
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:M1-1 Matching Elements with Financial Statements
LO1-1
Match each element with its financial statement by entering the appropriate letter in the space provided.
Element
(1)
Expenses
(2) Cash flow from investing activities
(3) Assets
(4) Dividends
(5)
Revenues
(6)
(7)
(8) Cash flow from financing activities
Cash flow from operating activities
Liabilities
Financial Statement
A. Balance sheet
B. Income statement
C. Statement of stockholders' equity
D. Statement of cash flows
Expert Solution
Step 1
Lets understand the basics.
Balance sheet is a statement which shows asset and liabilities of the company.
Income statement is a statement which shows income and expense incurred during particulr time period.
Statement of stockholders' equity shows changes in equity happen during particulr time period.
Statement of cashflows show cash inflow and outflow from the various activities.
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