A. Read ch 10, 11, & 14 at PoA. http://www.principlesofaccounting.com/

B. Review Best Buy SEC 10-K company's statement of owner's equity. Best Buy SEC 10-K company has a statement of owners' equity (or a similar name such as statement of retained earnings, or statement of stockholder's equity, etc.).At

http://s2.q4cdn.com/785564492/files/doc_downloads/SEC_replacements/Best-Buy-Fiscal-2020-Form-10-K.pdf#page36

The change in value of retained earnings from the beginning of the year to the end of the year is reported in this statement.What is retained earnings?What does the retained earnings balance represent?What is it an accumulation of over the life of a corporation?

When cash dividends are paid, they are funded from the accumulated profits of the corporation (retained earnings).Thus, dividends decrease retained earnings.If net income and other 'credits' to retained earnings exceed the value of dividends paid during the period retained earnings may increase. If they do not exceed the amount of dividends paid, retained earnings likely decreases.What do you learn about dividends for Best Buy SEC 10-K company?Did they issue dividends?What are the risks and opportunities of issuing dividends to shareholders each year?

Financial Statement order of preparation. -Financial statements are always prepared in a particular order:

1.Income Statement

2.Statement of Owner's Equity

3.Balance Sheet

4.Statement of Cash Flows

Discussthe reason for the order of the reports.

Additionally, here are some topics to consider from ch10, 11, & 14 at PoA. http://www.principlesofaccounting.com/:

Discussrecording property, plant, and equipment at its historical cost and then recording depreciation over the useful life.Why not record the entire purchase cost as an expense at time of purchase?

Discusstypes of intangible assets reported as a long term asset.

What are the components of stockholder's equity (what types of transactions affect owner's equity)?

When a corporation buys previously issued stock back off the market, what is it called?How does it impact owner's equity?