UA
You must be wearing these indoors at all times according to new policies
What is a face mask?
A system of analyzing, recording, summarizing and reporting the results of a business’s activities.
What is accounting?
First financial statement prepared
What is the income statement
Revenue - $60000, Expenses - $35000
Net Income?
What is $25000
What is 1831
They are measured at the amount the business charges the customer.
What is revenue?
Reports the way that net income and the distribution of dividends affected the financial position of the company during the period
What is The Statement of Retained Earnings
A = $95000, L = $60000, C = ?
What is $35000
26-23
What is 2018 National Championship
The owner is personally liable for all debts of the business.
What is sole proprietorship?
"Cash paid to buy equipment"
What is the Statement of Cash Flows?
Total Assets = $100000, AR = $50000
Inventory = $40000, Cash = ?
What is $10000?
Number of Football National Championships before the 21st century
What is 12?
The basic accounting equation
What is A = L + SE?
Investors are primarily interested in assessing
What is
Statement of Retained Earnings
or Income Statement
L = $30000, RE end = $45000, Common Stock = $20000, A= ?
What is $95000?
Culverhouse College of Business Dean
Who is Dr. Kay M. Palan
US organization responsible for developing accounting rules
What is the Financial Accounting Standard Board, FASB?
Flows from the Statement of Retained Earnings to the Balance Sheet.
What is Ending Retained Earnings
Net Income = $30000, RE beg = $60000
Dividends = $0, RE end = ?
What is $90000?