ch1_summary - ACG2021 ClicktoeditMastersubtitlestyle...

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Click to edit Master subtitle style  9/16/11 Financial Accounting Chapter 1 ACG 2021
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Click icon to add picture  9/16/11 Pace yourself and don’t let up! ACG 2021 is  a Marathon
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 9/16/11 The Accounting Equation Assets = Liabilities + Stockholders Equity Assets = Liabilities + Paid in Capital + Retained Earnings Assets = Liabilities + Paid in Capital (+ Revenue – Expenses – Dividends) Assets + Expenses + Dividends = Liabilities + Paid in Capital + Revenue
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 9/16/11 The Financial Statements
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 9/16/11 Income Statement Also Known As: Statement of Operations Measures: Net Income Net Earnings Net Profit or Loss Revenues – Expenses Time Period During a specific period of time (arbitrary cutoff dates)
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 9/16/11 Statement of Retained Earnings
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This note was uploaded on 09/16/2011 for the course ACG 2021 taught by Professor Hornik during the Spring '08 term at University of Central Florida.

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ch1_summary - ACG2021 ClicktoeditMastersubtitlestyle...

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