ACC 225 WEEK 1 DQ 2 - investments and net income and events...

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Week 1 Discussion Question 2 · Due Date: Day 4 [post to the Main forum] · Post your response to the following: Describe one of the four basic financial statements, and answer the following questions. o For what is it typically used? o What information is the most valuable? o How does it complement another financial statement? · Respond to a classmate who selected a different financial statement from yours. How do the financial statements tie into one another?
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The Statement of Owners’ Equity reports information about how equity changes over the reporting period. This statement shows beginning capital, events that increase it (owner
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Unformatted text preview: investments and net income), and events that decrease it (withdrawals and net loss). Ending capital is computed in this statement and is carried over and reported on the balance sheet. This ending capital is the most valuable information since it is carried over to the Balance Sheet as the figure in Retained Earnings – which are the funds the company retains and does not distribute as dividends so that the company’s management can plan for future expansions....
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ACC 225 WEEK 1 DQ 2 - investments and net income and events...

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