Solved

Match Each Item with the Financial Statement in Which Each

Question 60

Matching

Match each item with the financial statement in which each item would most likely appear: Use (I) for Income Statement, (B) for Balance Sheet and (CF) for Statement of Cash Flow.

Premises:
Cost of goods sold
Revenue
Liabilities
Contributed capital
Retained earnings
Cash from investing activities
Net change in cash
Responses:
Income Statement
Balance Sheet
Statement of Cash Flow

Correct Answer:

Cost of goods sold
Revenue
Liabilities
Contributed capital
Retained earnings
Cash from investing activities
Net change in cash
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