89) Match each of the following with the appropriate definitions.
a.Statement of cash flows
b.Balance sheet
c.Income statement
d.Statement of changes in shareholders' equity
_____ 1. A financial statement that presents assets, liabilities, and shareholders' equity.
_____ 2. A financial statement that presents revenues minus expenses to show either a profit or loss.
_____ 3. A financial statement that presents the changes in shareholder's equity for an accounting period.
_____ 4. A financial statement that presents all the cash collected and all the cash disbursed during an accounting period.
_____ 5. A financial statement that reports the financial position of the company at a point in time.
90) Match each of the following accounts with the appropriate financial statement.
(Remember that certain accounts may be found on more than one statement.)
a.Balance sheet
b.Income statement
c.Statement of changes in shareholders' equity
d.Statement of cash flows
_____ 1. Cash
_____ 2. Dividends
_____ 3. Advertising expense
_____ 4. Inventory
_____ 5. Contributed capital
_____ 6. Revenues