accounting - finanatial statements

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Karen S

 

Date added:

January 10, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1354

 

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4410 times

 

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Essay content:

shareholders) to acquire their ownership interest ? Retained Earnings?net profits (revenues minus expenses) earned by the company over the years that have not yet been withdrawn (i.e. paid to shareholders as dividends) NOTE: Liabilities and Owners' Equity show the sources of funds to acquire the assets? amounts invested by owners (paid in capital portion of Owners' Equity), reinvestment of profits (retained earnings portion of Owners' Equity) or amounts borrowed (Liabilities) ACCOUNTING FOR BUSINESS TRANSACTIONS GAAP requires use of accrual method of accounting rather than cash basis accounting...
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paid to shareholders as dividends) NOTE: Liabilities and Owners' Equity show the sources of funds to acquire the assets? amounts invested by owners (paid in capital portion of Owners' Equity), reinvestment of profits (retained earnings portion of Owners' Equity) or amounts borrowed (Liabilities) ACCOUNTING FOR BUSINESS TRANSACTIONS GAAP requires use of accrual method of accounting rather than cash basis accounting...
displayed 300 characters

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