Ch01a - Chapter 01 - Accounting Information and Decision...

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Unformatted text preview: Chapter 01 - Accounting Information and Decision Making 1-1 Chapter 01 - Accounting Information and Decision Making 1-2 Problem 1-4A (Suggested order of calculation) On the statement of stockholders’ equity, $6,000 + (c) − $2,000 = $9,000 (c) = $5,000 From (c), (b) = $5,000 From (b), $34,000 − (a) − $5,000 − $3,000 = $5,000 (b) (a) = $21,000 From the statement of stockholders’ equity, (e) = $10,000 (f) = $9,000 From total assets, (g) = $22,000 From (e), (f), and (g), (d) + $10,000 (e) + $9,000 (f) = $22,000 (g) (d) = $3,000 Chapter 01 - Accounting Information and Decision Making 1-3 Violate: Going concern Violate: Economic entity Chapter 01 - Accounting Information and Decision Making 1-4 Violate: Monetary unit Violate: Periodicity Chapter 01 - Accounting Information and Decision Making 1-5 Additional Perspective 1-1 Requirement 1 The three primary forms of business organizations include sole proprietorship, partnership, and corporation. The major advantage of a corporation is limited liability. Stockholders of a corporation corporation....
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This note was uploaded on 02/23/2012 for the course MGMT 200 taught by Professor Greigg during the Summer '08 term at Purdue.

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Ch01a - Chapter 01 - Accounting Information and Decision...

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