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Match Each of the Following Items 1 Through 8 with the Financial

Question 237

Short Answer

Match each of the following items 1 through 8 with the financial statement a through d in which each item would most likely appear. An item may appear on more than one statement.
a. Income statement
b. Statement of owner's equity
c. Balance sheet
d. Statement of cash flows
_____1. Assets.
_____2. Withdrawals.
_____3. Revenues.
_____4. Cash from investing activities.
_____5. Expenses.
_____6. Liabilities.
7. Cash from operating activities.
8. Cash from financing activities.

Correct Answer:

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1. C; 2. B...

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