Matching
Match each of the following items with the financial statement in which each item would most likely appear. An item may appear on more than one statement.
Premises:
Revenues.
Assets.
Liabilities.
Expenses.
Cash from operating activities.
Withdrawals.
Cash from investing activities.
Cash from financing activities.
Responses:
Statement of cash flows
Statement of owner's equity
Balance sheet
Income statement
Correct Answer:
Premises:
Responses:
Revenues.
Assets.
Liabilities.
Expenses.
Cash from operating activities.
Withdrawals.
Cash from investing activities.
Cash from financing activities.
Premises:
Revenues.
Assets.
Liabilities.
Expenses.
Cash from operating activities.
Withdrawals.
Cash from investing activities.
Cash from financing activities.
Responses:
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