ACC 201 -- Memo to Marsha

ACC 201 -- Memo to Marsha - Memo 1 Memo to Marsha Ashley...

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Memo 1 Memo to Marsha Ashley Dyal ACC 201 Ms. Rayford February 19, 2011
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Memo 2 From: Bob To: Marsha Re: Explanation of Financial Statements February 19, 2011 The financial statements you recently received are simply extensive breakdowns of the ten categories in financing records for The Walt Disney Company. These are often better known as elements of financing. In order for you to understand the first portion of the financial statement you have to understand the terms that will be used in them. Assets are the resources that are used to operate a business. Assets include real property, cash invested by stock holders and founders, advancements on products or cash, and the revenue earned. Liabilities or credit claims are future debts or obligations on behalf of the business. Stock holder’s equity is the money invested for partial owners or investors. Since our father purchased stock for us, we are now own a small piece of The Walt Disney Company and this equity is referred to as our interest in the company. Now that you have some definition as to terms it should make understanding how
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ACC 201 -- Memo to Marsha - Memo 1 Memo to Marsha Ashley...

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