Identifying Financial Statement Line Items and Accounts

find the item or account: income statement (IS), balance sheet (BS), statement of stockholders' equity (SE), or statement of cash flows (SCF)

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.)

 

Account financial statement
(a) Cash asset

 

BS and SCF
(b) Expenses IS
(c) Noncash assets BS
(d) Contributed capital BS AND SE
(e) Cash outflow for capital expenditures

 

SCF
(f) Retained earnings BS AND SE
(g) Cash inflow for stock issued SCFAND SE
(h) Cash outflow for dividends SCFAND SE
(i) Net income IS,SE AND SCF

 

Explanation:

  1. Cash assets lie in financial statement balance sheet and statement of cash flow
  2. Expenses lie in the financial statement in income statement section
  3. Non cash assets lie in financial statement in balance sheet side
  4. Contributed capital lie in financial statement in balance sheet and statement of stockholders equity
  5. Cash outflow for capital expenditures lie in financial statement in statement of cash flows
  6. Retained earnings lie in financial statement in balance sheet and statement of stockholders equity
  7. Cash inflow for stock issued lie in financial statement in statement of cash flows  and statement of stockholders’ equity
  8. Cash outflow for dividends  lie in financial statement of cash flows  and statement of stockholders’ equity
  9. Net income lie in financial statement in statement of cash flows  and statement of stockholders’ equity and income statement

 

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