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I want to have summary about the below concepts: Expand the basic accounting equation to include revenues and expenses. Define common bookkeeping terms. Analyze transactions.
I want to have summary about the below concepts:
- Expand the basic accounting equation to include revenues and expenses.
- Define common bookkeeping terms.
- Analyze transactions.
- Identify the effects of the transactions on the financial statements.
- Identify the components of the income statement and the financial questions it can answer.
- Describe the purpose, form, and content of an income statement.
- Compare and contrast direct and indirect methods of presenting cash flows
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