Question

Identify the financial statement where these decision makers can find the following information about​ Flurry, Inc. In some​ cases, more than one statement will report the needed data.
a. Ending cash balance Balance sheet and Statement of cash flows
b. Adjustments to reconcile net income to net cash provided by operations Balance sheet
c. Common stock Balance sheet
d. Total assets Balance sheet
e. Net income
f. Revenue Balance sheet Income statement Statement of cash flows Statement of retained earnings
g. Income tax payable

Answer 1

Answer:

a. Ending cash balance

You can find the ending cash balance in both the balance sheet and the statement of cash flows.

b. Adjustments to reconcile net income to net cash provided by operations

You can find this information in the statement of cash flows (under cash flows from operating activities).

c. Common stock

You can find this information in the balance sheet and the statement of stockholders' equity.

d. Total assets

You can find this information in the balance sheet

e. Net income

You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).

f. Revenue

You can find this information in the income statement.

g. Income tax payable

You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.