Indicate for Each of the Following Items If the Item

question 74

Essay

Indicate for each of the following items if the item would be reported on the income statement (IS),statement of changes in stockholders' equity (SE),balance sheet (BS),or statement of cash flows (CF).Some items may appear on more than one statement;if so,identify all applicable statements.
1)Salaries payable
2)Prepaid insurance
3)Dividends paid to stockholders
4)Interest revenue
5)Accounts payable
6)Salaries expense
7)Retained earnings
8)Unearned subscription revenue
9)Cash flows from operating activities
10)Beginning common stock
11)Issued stock to investors for cash
12)Accounts receivable

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Definitions:

Indorsement

An act of signing a document, often found on the back of a check, to transfer rights or to authenticate.

Negotiating

The process of discussing and arriving at a mutual agreement between parties with differing needs or viewpoints.

Blank Indorsement

An indorsement that specifies no particular indorsee and can consist of a mere signature. An order instrument that is indorsed in blank becomes a bearer instrument.

Special Indorsement

An indorsement on an instrument that indicates the specific person to whom the indorser intends to make the instrument payable—that is, it names the indorsee.