S1-9. (Learning Objective 4: Identify appropriate financial statement) Suppose you areanalyzing the financial statements of Corley, Inc. Identify each item with its appropriatefinancial statement, using the following abbreviations: Income statement (I), Statement ofretained earnings (R), Balance sheet (B), and Statement of cash flows (C). Three items appearon two financial statements, and one item shows up on three statements.a. Salary expenseb. Dividendsc. Accounts payabled. Net incomee. Common stockf. Inventoryg. Interest revenueh. Cashi. Retained earningsj. Long-term debtk. Increase or decrease in cashl. Net cash provided by operatingactivitiesm. Sales revenuen. Net cash used for financingactivities
S1-9. (Learning Objective 4: Identify appropriate financial statement) Suppose you are
analyzing the financial statements of Corley, Inc. Identify each item with its appropriate
financial statement, using the following abbreviations: Income statement (I), Statement of
retained earnings (R),
on two financial statements, and one item shows up on three statements.
a. Salary expense
b. Dividends
c. Accounts payable
d. Net income
e. Common stock
f. Inventory
g. Interest revenue
h. Cash
i. Retained earnings
j. Long-term debt
k. Increase or decrease in cash
l. Net cash provided by operating
activities
m. Sales revenue
n. Net cash used for financing
activities
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