Identifying FinancialStatements 1. The statement providesinformation about resou

Question

Identifying FinancialStatements

1.    The statement providesinformation about resources consumed during an accountingperiod.

2.    The statement is dated asof a specific point in time.

3.    The amounts that are owedto other qorganizations or individuals are reported.

4.    The total amount ofcapital that has been contributed to the organization isreported.

5.    The cab used for investingactivities is reported.

6.    Information is reportedregarding the rewards that have been earned from serving customersduring the accounting period just ended.

7.    The cash received fromfinancing activities is reported.

8.    The statement is not as ofa specific date, but covers period of time.

9.    The statement containsinformation about the financial obligations that were made toacquire resources.

10. The statement reports cash inflows andoutlaws.

For each item above, indicate the financial statement for whichthe information is true. Use I to indicate incomestatement, B to indicate balance sheet. C toindicate cash flow statement. If an item is not true for any of thethree financial statements, indicate with an N.

Explanation / Answer

C

B

B

B

C

I

C

I

B

C

1

C

2

B

3

B

4

B

5

C

6

I

7

C

8

I

9

B

10

C

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