Accounting Equation
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equation that shows a company's resources (assets) equal creditors' and
owners' claims to those resources (liabilities
and stockholders' equity)
Financial Accounting
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measure business activities of a company and communication of those
measurements to external parties for decision-
making purposes
, Prepaid expenses
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costs of assets acquired in one period that will be expensed in a future
period
Statement of cash flows
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financial statement that measures activities involving cash receipts and cash
payments over an interval of time
Common Stock
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Amount shareholders have invested in the business
Depreciation Expense
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equation that shows a company's resources (assets) equal creditors' and
owners' claims to those resources (liabilities
and stockholders' equity)
Financial Accounting
Give this one a try later!
measure business activities of a company and communication of those
measurements to external parties for decision-
making purposes
, Prepaid expenses
Give this one a try later!
costs of assets acquired in one period that will be expensed in a future
period
Statement of cash flows
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financial statement that measures activities involving cash receipts and cash
payments over an interval of time
Common Stock
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Amount shareholders have invested in the business
Depreciation Expense
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