Ch16-Test1 - Financing activities relate to long-term...

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Ch.16 36. Major activities –quiz Operating Activities create revenues, expenses, gains, and losses. - Operating activities relate to transactions that make up net income . - They also affect current assets and current liability accounts. - Operating activities are the most important of the 3 categories. Investing Activities are increases and decreases in long-term assets . Financing Activities involve obtaining funds to launch a business and keep it running.
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Unformatted text preview: - Financing activities relate to long-term liabilities and owners’ equity accounts . 37. Calculate- changes retained earnings, dividends payable – total cash 38. Purpose cash statement flows To Predict future cash flows To Evaluate management decisions To Predict the ability to make dept payments to lenders pay dividends to stockholders. 39. Type of transaction- what goes in which section...
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This note was uploaded on 06/04/2010 for the course ACC 202 taught by Professor Mirman during the Spring '08 term at University of Nevada, Las Vegas.

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