Libby 10E Chapter 01 -q1 PDF

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Chapter 1...

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52/52

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100

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1.

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Award:

Match each element with its financial statement. Element (1)

Financial Statement

Expenses

Income statement

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Statement of cash flows

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Balance sheet

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(3)

Cash flow from investing activities Assets

(4)

Dividends

Statement of stockholders’ equity

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(5)

Revenues

Income statement

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Statement of cash flows

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Balance sheet

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Statement of cash flows

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(2)

(6) (7) (8)

Cash flow from operating activities Liabilities Cash flow from financing activities

 References Matching

Difficulty: 1 Easy

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Match each element with its financial statement.

Learning Objective: 01-01 Recognize the information conveyed in each of the four basic financial statements and the way that it is used by different decision makers (investors, creditors, and managers).

(1)

Element Expenses

Financial Statement Income statement

(2)

Cash flow from investing activities

Statement of cash flows

(3)

Assets

Balance sheet

(4)

Dividends

Statement of stockholders’ equity

(5)

Revenues

Income statement

(6)

Cash flow from operating activities

Statement of cash flows

(7)

Liabilities

Balance sheet

(8)

Cash flow from financing activities

Statement of cash flows

 Explanation: 4. Dividends paid in cash are also subtracted in the Financing section of the Statement of cash flows. ...