Principles Of Accounting Notes Chapter 1 Stan Deal

That is useful to present and potential investors and

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: tained Earnings A. + Net Income B. - Dividends Declared C. = Ending Balance of Retained Earnings D. The Balance Sheet: Assets = Liabilities + Shareholders’ Equity III. The objectives of Financial Accounting are to provide information: A. That is useful to present and potential investors and creditors and other users in making rational investment, credit, and similar decisions. B. To help present and potential investors and creditors and other users in the amounts, timing, and uncertainty of prospective cash receipts from...
View Full Document

Ask a homework question - tutors are online