Match the Income Statement and Related Balance Sheet Line Items

question 139

Essay

Match the income statement and related balance sheet line items that are used to determine the amount of cash on the statement of cash flows:
A Sales
B. Cost of goods sold
C. Salaries expense
D. Supplies expense
E. Insurance expense
F. Interest expense
G. Cash
H. Accounts receivable
I. Prepaid insurance
J. Interest payable
K. Supplies
L. Salary payable
M. Inventory
N. Accounts payable $\begin{array}{|l|l|l|l|}\hline& \text { Statement of Cash Flows Line Items: } & \begin{array}{c}\text { Income } \\\text { Statement }\end{array} & \text { Balance Sheet } \\\hline1. & \text { Cash collected from customers } & & \\\hline 2.&\text { Cash paid to vendors } & & \\\hline 3.&\text { Cash paid for supplies } & & \\\hline 4.&\text { Cash paid for interest } & & \\\hline 5. &\text { Cash paid for insurance } & & \\\hline 6. &\text { Cash paid for salaries } & & \\\hline\end{array}$

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Definitions:

Basic Conditions

Basic Conditions refer to the fundamental terms of employment, including work hours, salary, benefits, and working environment, usually outlined in labor laws or contracts.

Unrelated Diversification

A business strategy where a company expands into operations or markets with no relation to its existing operations.

Systematic Selection

A methodical process of choosing individuals for employment based on job-related criteria and assessments.

HRM Practices

Human Resource Management practices involve recruitment, selection, training, appraisal, compensation, and development of employees to enhance organizational performance.