Indicate for each of the following items if the item would be reported on the income statement (IS), statement of changes in stockholders' equity (SE), balance sheet (BS), or statement of cash flows (CF). Some items may appear on more than one statement; if so, identify all applicable statements.1) Salaries payable2) Prepaid insurance3) Dividends paid to stockholders4) Interest revenue5) Accounts payable6) Salaries expense7) Retained earnings8) Unearned subscription revenue9) Cash flows from operating activities10) Beginning common stock11) Issued stock to investors for cash12) Accounts receivable
What will be an ideal response?
1) BS, 2) BS, 3) SE and CF, 4) IS, 5) BS, 6) IS, 7) BS and SE, 8) BS, 9) CF, 10) SE, 11) SE and CF, 12) BS
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