Ask Question
23 December, 21:02

Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B), statement of retained earnings (E), or statement of cash flows (CF).

(BS) Assets

(CF) Cash from operating activities

(E) Dividends

(BS) Equipment

(IS) Expenses

(BS) Liabilities

(CF) Net decrease (or increase) in cash

(IS) Revenues

(BS) Total liabilities and equity

+5
Answers (1)
  1. 23 December, 22:01
    0
    Assets (B)

    Cash from operating activities (CF)

    Dividends (E)

    Equipment (B)

    Expenses (I)

    Liabilities (B)

    Net decrease (or increase) in cash (CF)

    Revenues (I)

    Total liabilities and equity (I)

    Explanation:

    The balance sheet shows the assets, liabilities and equity of an entity as at a given date.

    The income statement shows the revenue and expenses of the entity for the period ended while the statement of retained earnings shows the movements within the retained earnings account during the review period.

    The statements of cashflow shows the net flow of cash from the company's activities namely; Operating, investing and financing activities.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Indicate in which financial statement each item would most likely appear: income statement (I), balance sheet (B), statement of retained ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers