Question

Exercises Saved Match each element with its financial statement by selecting the appropriate financial statement. 1. Cash Flows from Financing Activities Balance Sheet 2. Expensers 3. Cash Flows from Investing Activities 4. Assets 5. Dividends 6. Revenues 7. Cash Flows from Operating Activities 8. Liabilities くPrev 60t 36… Next > 2

Answer 1

Ans-1-

	Elements	Financial Statement
1.	Cash Flows from Financing Activities	Statement of Cash Flows
2.	Expenses	Income Statement
3.	Cash Flows from Investing Activities	Statement of Cash Flows
4.	Assets	Balance Sheet
5.	Dividends	Statement of Retained Earnings
6.	Revenues	Income Statement
7.	Cash Flows from Operating Activities	Statement of Cash Flows
8.	Liabilities	Balance Sheet

2-

		Label	Type
a.	Coins and currency	Cash	Assets
b.	Amounts K-Swiss owes to supplier of shoes	Accounts Payable	Liability
c.	Amounts K-Swiss can collect from customers	Accounts Receivable	Assets
d.	Amounts owed to bank for loan to buy building	Notes Payable	Liability
e.	Property on which buildings will be built	Land	Assets
f.	Amounts distributed from profits to stockholders	Dividends	Stockholders' Equity
g.	Amounts earned by K-Swiss by selling shoes	Shoes Revenue	Revenue
h.	Unused paper in K-Swiss head office	Supplies	Assets
i.	Cost of paper used up during month	Supplies Expenses	Expenses
j.	Amounts contributed by stockholders to K-Swiss stock	Contributed Capital	Stockholders' Equity