Matching
identify each statement to accounting element
Premises:
Total past earnings not distributed to the owners
Inflow of assets from the regular operating activities
Obligations which must be met at some future date
That which will be used to generate future economic benefits
The net growth during a period of time measured as revenues less expenses
Amount invested by equity investors
Responses:
Assets
Liabilities
Contributed capital
Retained earnings
Revenues
Expenses
Net income
Dividends
Correct Answer:
Premises:
Responses:
Assets
Liabilities
Contributed capital
Retained earnings
Revenues
Expenses
Net income
Dividends
Premises:
Assets
Liabilities
Contributed capital
Retained earnings
Revenues
Expenses
Net income
Dividends
Responses:
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