Match the Following Items to the Financial Statement Where They

question 197

Essay

Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.)
A. Balance sheet
B. Income statement
C. Statement of cash flows
D. Statement of stockholder's equity $$\begin{array} { | l | l | } \hline \# & \text { Item } \\\hline 1 . & \text { Dividends } \\\hline 2 . & \text { Revenues } \\\hline 3 . & \text { Supplies } \\\hline 4 . & \text { Land } \\\hline 5 . & \text { Accounts payable } \\\hline 6 . & \text { Accounts receivable } \\\hline 7 . & \text { Operating activities } \\\hline 8 . & \text { Wages expense } \\\hline 9 . & \text { Net income } \\\hline 10 . & \text { Cash } \\\hline\end{array}$$

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Definitions:

Marginal Cost

The extra expense associated with the production of an additional unit of a product or service.

Profit-Maximizing Price

The price at which a firm can maximize its profits, determined by the market structure and demand elasticity.

Profit-Maximizing Price

The price at which a company can sell its product to achieve the maximum possible profit.

Perm

A chemical hair treatment used to add curls or waves to the hair, or the city located in the European part of Russia, known for its cultural and historical significance.