Identifying items on financial statements?

asfa asf

New member
use the following abbreviations to respond to this question.
CACurrent assets
NCANon-current assets
CLCurrent liabilities
NCLNon-current liabilities
SCShare capital
RERetained Earnings
ISIncome statement item
SCFStatement of cash flows item

Classify the following items according to where the item would appear in the financial statements:

a. Intangible assets
b. Interest revenue
c. Cash collections from amounts owed by customers on account
d. Cost of developing a new advertising campaign
e. Earnings over the years that have not been paid to shareholders as dividends
f. Revenue from provision of services to customers
g. Rent payable
h. Increase in bank loan (additional borrowings)
i. Office supplies used this year
j. An investment in the shares of another corporation (the intent of the investment is not to sell it in the near future)
 
Back
Top