Busi 101 Study Guide • Real or permanent accounts: accounts that remain open as long as the asset, liability, or owner's equity items recorded in the accounts continue in existence; therefore, accounts that appear on the balance sheet • Dividends are not counted for net income • Working Capital = Current Assets – Current Liabilities (WC = CA-CL)
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This note was uploaded on 02/15/2012 for the course BUSI 101 taught by Professor Skender during the Spring '08 term at UNC.