Identifying Financial Statement Line Items and Accounts Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we would likely find the item or account: income statement (IS), balance sheet (BS), statement of stockholders' equity (SE), or statement of cash flows (SCF). (Select all that apply.)

Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we would likely find the item or account: income statement (IS), balance sheet (BS), statement of stockholders equity (SE), or statement of cash flows (SCF).

a. Cash asset

b. Expenses

c. Non-cash assets

d. Contributed capital

e. Cash outflow for capital expenditures

f. Retained earnings

g. Cash inflow for stock issued

h. Cash outflow for dividends

i. Net income

Financial Statements are written reports that companies use to communicate their financial performance to interested parties. Financial statements are subject to accounting rules in their preparation and are often audited. The most common financial statements are Income statement (IS) which shows profit or loss,Balance Sheet (BS) which shows a company`s assets and liabilities and the Statement of Cash Flows (SCF) which shows how money moves in the company.

Answer:

a. Cash asset - Balance sheet

b. Expenses - Income Statement

c. Non-cash assets - Balance sheet

d. Contributed capital - statement of stockholders' equity

e. Cash outflow for capital expenditures - Statement of Cash flow

f. Retained earnings - statement of stockholders' equity

g. Cash inflow for stock issued - Statement of Cash flow

h. Cash outflow for dividends - Statement of Cash flow

i. Net income - statement of stockholders' equity

Explanation: