Question

Place an X in the Column for the financial statement where each is reported. It is possible for items to be reported on two statements.
	Income	Balance	Statement of	Statement of	Statement of
	Statement	Sheet	Cash Flows	Retained Earnings	Stocholders' Equity
Buildings		X
Accounts Payable		X
Accounts Receivable		X
Bonds Payable		X
Cash					X
Cash paid for Salaries					X
Cash paid for Salaries					X
Cash paid to suppliers
Cash Received from Customers
Common Stock		X
Copyrights
Cost of Goods Sold
Debt Service Fund
Dividends Paid to Shareholders
Gain on sale of old equipment
Gain or loss on Derivatives
Gain or Loss on Foreign Currency Translation
General Administrative Expenses
Gold Mine

Answer 1

Financial statement where each is reported are as follows

• Building - Non Current Asset-Balance sheet.
• Account Payable- Current Lia-Balance Sheet.
• Acount Receivable-Current Asset-Balance Sheet.
• Bond Payable -Long Term Lia -Balance Sheet.
• Cash-Current Assets-Balance Sheet.
• Cash paid for Salaries-Operating Exp-Income Statement.

-Operating Activity-Cash Flow Statement.

• Cash paid to suppliers-Adjusted in Cost of good sold-Income Statement.

-Less from the Cash in balance sheet

• Cash Received from Customers-Gross Revenue-Income Statement.

-Add in the Cash in balance sheet.

• Common Stock-Inventory-Current Asset-Balance Sheet.
• Copy Right-Intangible assets-Non Current Assets.
• Cost of Goods Sold-Cost of Goods Sold-Income Statement.
• Gain or loss on Derivatives-offsetting losses and gains on transactions being hedged-Income Statement.
• Debt Service Fund-Long term Lia- Balance Sheet.
• Dividends Paid to Shareholders-Operting or Financial activity -Cash Flow Statement.
• Gain on sale of old equipment-Non operating Income (0nly profit part) -Income Statement.

-Add in the Cash in balance sheet.

-Investing Activity-Cash Flow.

   -Operating Activity-(Only pofit part) Cash Flow.

• Gain or loss on Derivatives-offsetting losses and gains on transactions being hedged-Income Statement.
• Gain or Loss on Foreign Currency Translation-Gian -Other Income -Income Statement.

     -Loss-Operating Exp-Income Statement.

• General Administrative Expenses-0perting Exp-Income Statement.
• Gold Mine-Non Current Asset-Balance sheet.