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  • Lecture 1

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    ABDUL HADI KHAN
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    Here are sample responses to the practice questions: 1. Balance sheet - Assets (current and long-term) - Liabilities (current and long-term) - Stockholders' equity 2. Income statement - Revenue - Expenses (cost of goods sold, operating expenses, etc.) - Net income 3. Statement of retained earnings - Retained earnings beginning of period - Add: Net income - Less: Dividends - Retained earnings end of period The balance sheet shows assets, liabilities, and equity at a point in time. The income statement shows revenue and expenses over a period of time to arrive at net income. The statement of retained

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    LECTURE 1

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    Here are sample responses to the practice questions: 1. Balance sheet - Assets (current and long-term) - Liabilities (current and long-term) - Stockholders' equity 2. Income statement - Revenue - Expenses (cost of goods sold, operating expenses, etc.) - Net income 3. Statement of retained earnings - Retained earnings beginning of period - Add: Net income - Less: Dividends - Retained earnings end of period The balance sheet shows assets, liabilities, and equity at a point in time. The income statement shows revenue and expenses over a period of time to arrive at net income. The statement of retained

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    6 views8 pages

    Lecture 1

    Uploaded by

    ABDUL HADI KHAN
    Here are sample responses to the practice questions: 1. Balance sheet - Assets (current and long-term) - Liabilities (current and long-term) - Stockholders' equity 2. Income statement - Revenue - Expenses (cost of goods sold, operating expenses, etc.) - Net income 3. Statement of retained earnings - Retained earnings beginning of period - Add: Net income - Less: Dividends - Retained earnings end of period The balance sheet shows assets, liabilities, and equity at a point in time. The income statement shows revenue and expenses over a period of time to arrive at net income. The statement of retained

    Copyright:

    © All Rights Reserved
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    of 8

    FINANCIAL STATEMENTS

    Cash flow Statement


     A cash flow statement is a financial statement
    that provides aggregate data regarding all cash
    inflows a company receives from its ongoing
    operations and external investment sources. It also
    includes all cash outflows that pay for business
    activities and investments during a given period.
    A cash flow statement provides data regarding all
    cash inflows a company receives from its ongoing
    operations and external investment sources.
     The cash flow statement includes cash made by the
    business through operations, investment, and
    financing—the sum of which is called net cash flow.
    Cash flow statement
     The first section of the cash flow statement is
    cash flow from operations, which
    includes transactions from all operational
    business activities. 
     Cash flow from investment is the second
    section of the cash flow statement, and is the
    result of investment gains and losses. 
     Cash flow from financing is the final section,
    which provides an overview of cash used from
    debt and equity.
    Name of Accounts Analyzed What the activity presents
    activity
    Operating Operating assets andThe net cash flows generated, or
    Activity liabilities. These includeused, by the business in their core
    most current asset and operations. It reconciles net income
    liability accounts. to net cash flow from operating
    It organized into three different business activities.
    activities.(in direct method)

    Investing Long term assets The cash inflows and outflows from
    Activity sales and purchases of long-term
    assets, such as equipment, patents,
    and long-term investments.

    Financing Long-term liabilities and The cash flow from financing section
    Activity stockholders’ equity. shows the source of a company's
    financing and capital as well as its
    servicing and payments on the loans.
    For example, proceeds from the
    issuance of stocks and bonds,
    dividend payments, and interest
    payments will be included under
    financing activities.
    FORMAT
    Question.

    1. Prepare balance sheet.


    2. Income Statement.
    3. Statement of Retained Earning.
    Practice Questions

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