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Use the following code to identify the financial statement(s)where each of these line items is shown.(Remember that some line items may be found on more than one statement.)
a.Balance sheet
b.Income statement
c.Statement of changes in shareholders' equity
d.Statement of cash flows
______ 1.Cash collected from customers
______ 2.Revenues earned
______ 3.Unearned revenue
______ 4.Salaries payable
______ 5.Salaries expense
______ 6.Cash paid to employees
Straight-Line Depreciation
A method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.
Salvage Value
The estimated resale value of an asset at the end of its useful life, taken into consideration for depreciation calculations.
Net Present Value
A financial metric that calculates the value of a projected income stream in today's dollars, net of the initial investment.
Discount Factor(s)
A multiplier used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the time value of money.
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