01_Chapters1,2,3

01_Chapters1,2,3 - BUS 214, Financial Accounting Chapters 1...

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Ch1&2OL BUS 214, Financial Accounting Chapters 1 & 2 — Outline A. Forms of Business Organizations. 1. Proprietorship 2. Partnership 3. Corporation B. Financial Statements 1. Income Statement a. Revenues and gains b. Expenses and losses 2. Retained Earnings Statement 3. Balance Sheet a. Assets Current assets Long-term investments Property, plant, and equipment Intangible assets b. Liabilities Current liabilities Long-term liabilities c. Stockholders’ equity Paid-in capital Common stock, $x par Preferred stock, $x par Additional paid-in capital Retained earnings 4. Statement of Cash Flows Operating activities Investing activities Financing activities C. Analysis 1. Liquidity Working capital = Current assets - Current liabilities Current ratio = Current assets/Current liabilities 2. Solvency Debt to Total assets ratio = Total liabilities/Total assets
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+ Double-Entry Accounting Model Non-current liabilities Additional paid-in capital STOCKHOLDERS' EQUITY Preferred stock, $xxx par Common stock, $xx par Non-current assets
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01_Chapters1,2,3 - BUS 214, Financial Accounting Chapters 1...

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