Notes 1-30-08

Notes 1-30-08 - Bus 170 1/30/2008 Ch3 Most about Accounting...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Bus 170 1/30/2008 Ch3 Most about Accounting 1. Balance Sheet (book values) Book values are determined by GAAP (Generally Accepted Accounting Principle) Assets = Liabilities + Stockholders Equity Assets Current Assets – Cash, Account Receivable (A/R), Inventory, Securities Fixed Assets – Property, Plant, Equipment (P,P,E) Intangible assets (Patents, Brand, etc) Liabilities - Current Liabilities – Account Payable, Short Term debt (less than 1 year) - Long term Liabilities – Deferred Income taxes, other long term liabilities (1 year plus) - Capital structure – long term liability + Equity Stockholders Equity (+ or -) Original Capital contribution + retained earnings Market Value - If you want the real value of the company, you look at the market value. - Generally market values are higher than the book value because they look forward the market. 2.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/08/2010 for the course BUS 170 at San Jose State.

Page1 / 3

Notes 1-30-08 - Bus 170 1/30/2008 Ch3 Most about Accounting...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online