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ndicate in which financial statement each item would most likely appear, by selecting income statement (1), balance sheet (B)
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Balance sheet: Balance sheet format included asset one part ,liabilities and shareholders equity another part. Assets are cash, equipment, machinery etc

Liabilities are Bills payable , Long term debt and Share holders equity included the Retained earnings etc.

Income Statement : Net income calculate the Revenue ater Substracting Cost of goods sold , Expenses , interest and Taxes. Etc finally We get Net income or losses .

Cash flow statement has 3 main section those are cash from operating activities, investing activities and Financing activities , Net decrease or increase Transaction included in ash flow statement.

Assets balance sheet (B)
Cash from Operating activities statement of cash flows (CF)
Equipment balance sheet (B),
Expenses income statement (I)
Liabilities balance sheet (B),
Net decrease(or increase) in cash statement of cash flows (CF)
Revenues income statement (I)
Total liabilities and equity balance sheet (B),
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