Question

Question Completion Status: Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.) A Balance sheet B. Income statement C. Statement of cash flows D. Retained eamings statement Item Dividends Revenues Supplies Land Accounts payable Accounts receivable Operating activities Wages expense Net income 10 Cash TTTT Paragraph E Anal T3 (12pt) EEST T. t fr Mashups - Pathop Words:0

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Solution: Answers are highlighted in yellow: Format of answer is not given, can be slightly different: Answer: D. Retained Earning Statement Explanation: It is standardized per GAAP. No explanation require. 1) 2) B. Income Statement It is standardized per GAAP. No explanation require. 3) A. Balance Sheet It is standardized per GAAP. No explanation require. A. Balance Sheet It is standardized per GAAP. No explanation require. 5) A. Balance Sheet It is standardized per GAAP. No explanation require. A. Balance Sheet It is standardized per GAAP. No explanation require. C. Statement of Cash flow It is standardized per GAAP. No explanation require. B. Income Statement It is standardized per GAAP. No explanation require. B. Income Statement D. Retained Earning Statement Net Income will be reported on income statement as result and retained earning as adjustment. 10) A. Balance Sheet It is standardized per GAAP. No explanation require.