This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: same as earnings tells about profits Statement of cash flow Operating activities => best source collect from customers payments for expenses investing purchase PPE sale PPE financing sell stock borrow money pay loan buy back stock pay dividends helps predict future more debt => higher interest rates predict financial flexibility the ability to meet unexpected needs tells about cash full accounting employment act LLC => limited liability company Corporation => cant sue owners but pays own taxes (double taxation) Remainder => to owner (dividends) Choice: taxed like corporation or like partnership? Cost of goods sold => cost of merchandise sold => expense (only expense without expense)...
View Full Document
- Spring '10