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Select the Appropriate Financial Statement(s) for Each of the Following

Question 271

Matching

Select the appropriate financial statement(s) for each of the following items.Some items may appear on more than one financial statement.

Premises:
Cash investments by stockholders
Cash dividends paid
Cash payments to purchase equipment
Cash proceeds from a long-term loan
Supplies
Common stock
Consulting Revenue
Advertising expense
Responses:
Balance sheet
Statement of retained earnings
Income statement
Statement of cash flows

Correct Answer:

Cash investments by stockholders
Cash dividends paid
Cash payments to purchase equipment
Cash proceeds from a long-term loan
Supplies
Common stock
Consulting Revenue
Advertising expense
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