slicknic86
Sep 4, 2009, 12:34 PM
Exercise 1-5A Titles and accounts appearing on financial statements [L.O. 3]
Annual reports normally include an income statement, statement of changes in equity, balance sheet, and statement of cash flows.
Required:
Identify the financial statement(s) on which each of the following titles or accounts would appear.
Title or Account
Financial Statement(s)
a.
Retained Earnings
(Click for List) Balance Sheet Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Cash Flows
b.
Revenue
(Click for List) Balance Sheet; Statement of Cash Flows Income Statement Balance Sheet Statement of Cash Flows Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Changes in Stockholders' Equity
c.
Common Stock
(Click for List) Statement of Cash Flows Balance Sheet Balance Sheet; Statement of Cash Flows Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity
d.
Financing Activities
(Click for List) Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Cash Flows Balance Sheet Income Statement
e.
Salaries Expense
(Click for List) Statement of Changes in Stockholders' Equity Statement of Cash Flows Income Statement Balance Sheet Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows
f.
Land
(Click for List) Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Balance Sheet Balance Sheet; Statement of Cash Flows Income Statement
g.
Ending Cash Balance
(Click for List) Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Cash Flows Balance Sheet
h.
Beginning Cash Balance
(Click for List) Balance Sheet; Statement of Cash Flows Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Statement of Cash Flows Balance Sheet
I.
Notes Payable
(Click for List) Balance Sheet Balance Sheet; Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Income Statement Statement of Changes in Stockholders' Equity Statement of Cash Flows
j.
Dividends
(Click for List) Income Statement Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Changes in Stockholders' Equity Balance Sheet
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Annual reports normally include an income statement, statement of changes in equity, balance sheet, and statement of cash flows.
Required:
Identify the financial statement(s) on which each of the following titles or accounts would appear.
Title or Account
Financial Statement(s)
a.
Retained Earnings
(Click for List) Balance Sheet Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Cash Flows
b.
Revenue
(Click for List) Balance Sheet; Statement of Cash Flows Income Statement Balance Sheet Statement of Cash Flows Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Changes in Stockholders' Equity
c.
Common Stock
(Click for List) Statement of Cash Flows Balance Sheet Balance Sheet; Statement of Cash Flows Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity
d.
Financing Activities
(Click for List) Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Cash Flows Balance Sheet Income Statement
e.
Salaries Expense
(Click for List) Statement of Changes in Stockholders' Equity Statement of Cash Flows Income Statement Balance Sheet Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows
f.
Land
(Click for List) Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Balance Sheet Balance Sheet; Statement of Cash Flows Income Statement
g.
Ending Cash Balance
(Click for List) Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Income Statement Balance Sheet; Statement of Cash Flows Balance Sheet
h.
Beginning Cash Balance
(Click for List) Balance Sheet; Statement of Cash Flows Income Statement Balance Sheet; Statement of Changes in Stockholders' Equity Statement of Changes in Stockholders' Equity Statement of Cash Flows Balance Sheet
I.
Notes Payable
(Click for List) Balance Sheet Balance Sheet; Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Income Statement Statement of Changes in Stockholders' Equity Statement of Cash Flows
j.
Dividends
(Click for List) Income Statement Statement of Cash Flows Balance Sheet; Statement of Changes in Stockholders' Equity Balance Sheet; Statement of Cash Flows Statement of Changes in Stockholders' Equity Balance Sheet
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