Question

Identify nancial statement by type of information) Assume Malcolm Tech, Inc., is expanding into China. The company must decide where to locate and how to nance the expansion. Identify the nancial statement where these decision makers can nd the following information about Malcolm Tech, Inc. In some cases, more than one statement will report the needed data.
a. Revenue
b. Dividends
c. Ending cash balance
d. Total assets
e. Selling, general, and administrative expense
f. Adjustments to reconcile net income to net cash provided by operations
g. Cash spent to acquire the building
h. Current liabilities
i. Income tax expense
j. Net income
k. Common stock
l. Ending balance of retained earnings
m. Income tax payable
n. Long-term debt

Answer 1

Answer:

Income and all the costs and adjustments to these figure will go to Income Statement

These include Revenue, Selling, general, and administrative expenses, Adjustments to reconcile net income to net cash provided by operations and Income tax expense.  Net income will be calculated by simply deducting costs from the sales amount.

The above mentioned will go to Income statement.

The remainder are part of balance sheet and in the balance sheet we record Assets, Liabilities and Equity transactions.

Following are Assets:

Ending cash balance, Total assets and Cash spent to acquire the building,.

Following are the Liabilities:

Current liabilities, Income tax payable and  Long-term debt.

Following are the Equity items

Common stock and Ending balance of retained earnings.

These mentioned above relates to Balance sheet and will be reported there.