$11$:$25$

Intro to Financial Statements Notes...

$(1)$ Switch To Light Mode

$2.$ is the term used to describe the amount paid by stockholders for shares they purchase.

Payments to stockholders are called

Investing Activities:

Purchase of resources a company needs in order to operate.

Computers, delivery trucks, furniture, buildings, etc.

Resources owned by a business are called

L are another example of an investing activity.

Operating Activities:

Once a business has the assets it needs, it can begin its operations. $-$ Amounts earned from the sale of products and other sources $($sales revenue, service revenue, and interest revenue$).$

Goods available for sale to customers.

Right to receive money from a customer, in the future, as the result of a sale.

$-$ cost of assets consumed or services used. $($cost of goods sold, selling, marketing, administrative, interest, and income taxes expense$).$

Liabilities arising from expenses include accounts payable, interest payable, wages payable, sales taxes payable, and income taxes payable. $-$ when revenues exceed expenses. $-$ when expenses exceed revenues

Dashboard

Calendar

$0$

$0=$

$0=$

To Do

Notifications

Inbox