Accounting 101 Flashcards on Financial Statements, Equations/Ratios, created by smjackson7 on 02/05/2014.
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Created by smjackson7
about 10 years ago
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Net Income (NI) =
HINT: (This + that - This + That)
What is on the Balance Sheet (BS)?
What is on the Statement of Retained Earnings (RE)?
What is on the Income Statement (IS)
Total Assets =
What is on the Statement of Cash Flows?
Inv. E =
Re E =
Total OE =
Total Assets =
Total Liabilities =
Cutoff for a Liability to be considered Current
Contributed Capital (CC) =
Cash appears on which Statement
AS:
Accounts Payable (AP) on
as:
Buildings
as:
AR
as:
Commissions Earned
as:
Common Stock (CS)
as:
Dividends
as:
Insurance Expense
as:
Land
as:
Note Payable
as:
Rent Expense
as:
Retained Earnings *beg of period*
Salaries Expense
Supplies
as:
What are the 4 types under the Asset on a Classified Balance Sheet?
What are the (2) types of liabilities listed within the Classified Balance Sheet?
Name the main items listed on the Single Step Income Statement.
What is on the Statement of Retained Earnings?
5 Lines!
(Equation) Total Assets =
This + That
(Equation)
Total Assets (2 subtotals)
