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Match the Lettered Terms to the Blanks Below to Complete

Question 122

Short Answer

Match the lettered terms to the blanks below to complete the relevant formula for each financial statement.
A.Cash at beginning of year
B.Net cash flow from operating activities
C.Balance of retained earnings from previous year
D.Net cash flow from investing activities
E.Liabilities
F.Net cash flow from financing activities
G.Balance of retained earnings at end of year
H.Net income
I.Revenue
J.Assets
K.Shareholders' equity
L.Expenses
M.Cash at end of year
N.Dividends paid
A letter may be used more than once.Use the blank on the left side of the equals sign for the "bottom line" number that is reported at the end of each financial statement.Rearrange the formula if necessary.
 Balance Sheet =+ Income Statement = Statement of Retained  Earnings =+ Statement of CashFlows =+++\begin{array}{|l|l|l|l|l|l|l|l|l|}\hline \text { Balance Sheet } & & = & & + & & & & \\\hline \text { Income Statement } & & = & & - & & & & \\\hline \begin{array}{l|}\text { Statement of Retained } \\\text { Earnings }\end{array} & & = & & + & & - & & \\\hline \text { Statement of CashFlows } & & = & & + & & + & &+& \\\hline\end{array}

Correct Answer:

verifed

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Moderate J = E + K; ...

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