Question

Identify the financial statement (Balance Sheet, Income Statement, Statement of Retained Earnings, and/or Statement of Cash...

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

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Answer #1

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

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