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Items on financial statements

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Identify whether each of the following items would appear on the income statement (IS), statement of change in stockholder's equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement: if so, identify all applicable statements. If an item would not appear on any financial statement, label it NA.

a. Interest Receivable t. Total Assets
b. Salary Expense u. Consulting Revenue
c. Notes Receivable V. Depreciation Expense
d. Unearned Revenue w. Supplies Expense
e. Cash flow from investing x. Salaries payable
f. Insurance expense y. Notes payable
g. Ending Retained Earnings z. Ending common stock
h. Accumulated Depreciation aa. Interest payable
i. Supplies bb. Office Equipment
J Beginning Retained Earnings cc Interest Revenue
k. Certificate of Deposit dd. Land
l. Cash flow from financing activities ee. Operating Expenses
m. Accounts Receivable ff.Total Liabilities
n. Prepaid Insurance gg. Debt to Equity Ratio
o. Cash hh. Salaries Expense
p. Interest Expense ii. Net income
q. Accounts payable jj. Service Revenue
r. Beginning common stock kk. Cash Flow from operating activities
s. Dividends ll. Return on Assets Ratio

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Solution Summary

The solution discusses how items interact on different financial statements.

Solution provided by:
Manal Elkhoshkhany, MBA
Education
  • BA, Ain Shams University, Cairo Egypt
  • MBA, California State University, Sacramento
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