Accounting

-Give examples of the cash inflows and cash outflows for debt financing activities and equity financing activities.

-Name some business examples and give explanations for all 3 business activities(Operating, Financing, Investing Activities)

-What are some business examples and explanations for the historical cost principle, fair value principle, full disclosure principle, economic entity assumption, monetary unit assumption, periodicity assumption, the Going Concern Assumption.

-Name the difference between Consistency, Relevance, Comparability, and Materiality

-Name the difference between Liquidity, Solvency, and Profitability Ratios

-Explain the revenue recognition principle and the expense recognition principle.

-List the components, the purpose, the format, and the interrelationships of the following financial statements: Income Statement, Balance Sheet, and Statement of Retained Earnings.

-List the main categories of the Classifies Balance Sheet and what accounts belong in each category.