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25 June, 07:31

Indicate in which financial statement each item would most likely appear, by selecting income statement (I), balance sheet (B), or statement of cash flows (CF) from the drop down provided. (a) Equipment (b) Expanses (c) Liabilities (d) Net decrease (or increase) in cash (e) Revenues (f) Total liabilities and equity (g) Assets (h) Cash from operating activities (i) Dividends

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  1. 25 June, 09:10
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    Answer & Explanation:

    equipment - -> balance sheet, equipment is an asset account. It represnet long-term equipment that will generate revenue over a period of time

    expenses - -> Income Statment, the expenses are cost ofor a given period, they do not stay in he company, they occur and cease to exist. They decrease the earnings of the company.

    Liabilties - -> Balance Sheet, the liabilities arethe obligation to pay or do from the company.

    Net decrease or increase in cash - -> cash flow. It this statement we calcualte the origin of the cash andthe transaction which affected.

    Revenues - -> income statment The revenues are the income from the company's operations. It generates profit

    Total liablities and equity - -> balance sheet. This total matchesthe total asset in theblaance sheet to provee the accounting equation is correct

    Assets - -> balance sheet The assets represent the thing or rights the company have which, will use to generate income in the near future.

    Cash from operating activities - -> cash flow This are cash generated from the main activity of the company

    Dividends - -> cash flow, the dividend will decrease the ammount of cash, as they are paid with business money.
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