Identify the financial statement (Balance Sheet, Income Statement, Statement of
ID: 2516822 • Letter: I
Question
Identify the financial statement (Balance Sheet, Income Statement, Statement of Retained Earnings, and/or Statement of Cash Flow) in which decision makers can find the following information. Hint: In some cases, more than one statement will report the needed data.
Common shares
Income tax payable
Dividends
Income tax expense
Ending balance of retained earnings
Revenue
Cash spent to acquire equipment
Selling, general and administrative expenses
Adjustments to reconcile net income to net cash provided by operations
Ending cash balance
Current liabilities
Net income
Explanation / Answer
Common Shares - Balance Sheet
Income tax Payable - Balance Sheet
Dividends - Statement of Retained earnings
Income tax expenses - Income statement, Statement of cashflow
Ending balance of retained earnings - Balance sheet, Statement of retained earnings
Revenue - Income statement
Cash spend to acquire equipment - Statement of cashflow
Selling geneal and administration expenses - Incomse statement
Adjustment to reconcile net income to net cash provided by operations - Statement of cash flow
Ending cash balance - Balance sheet, Statement of cashflow
Current liabilities - Balance sheet
Net incom- Income statement