The balance in retained earnings is not affected by?
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Issuance of common stock
Accumulated Depreciation
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account shows the total amount of depreciation that the company has
expensed thus far in the asset's life
Labor unions
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want to know whether the owners have the ability to pay increased wages
and benefits
Retained Earnings
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An amount earned by a corporation and not yet distributed to
stockholders.
Identify the forms of business organization for the following
1. Easier to raise funds:
2. Simple to establish:
3. No personal liability:
4. Tax advantages:
5. Easier to transfer ownership:
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1. Easier to raise funds: Corporation
2. Simple to establish: Sole Proprietorship and Partnership
3. No personal liability: Corporation
4. Tax advantages: Sole Proprietorship and Partnership
5. Easier to transfer ownership: Corporation
Inventory
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, Assets that are goods available for future sales to customers.
Accounting
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The process of planning, recording, analyzing, and interpreting financial
information.
Internal Users
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managers who plan, organize, and run a business (marketing managers,
production supervisors, finance directors, and company officers)
Comparability
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Results when different companies use the same accounting principles
Sole Proprietorship
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, A business owned by one person
Simple to set up, gives you control over the business
Tax advantages
Matching Principle
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match expenses with revenue in the period they occur.
Depreciation
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The allocation of the cost of an asset to a number of years.
Earnings Per Share (EPS)
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A measure of the net income earned on each share of common stock;
computed as net income minus preferred dividends divided by the average
number of common shares outstanding during the year.
Provides a useful perspective for determining the investment return
EPS=
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Issuance of common stock
Accumulated Depreciation
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account shows the total amount of depreciation that the company has
expensed thus far in the asset's life
Labor unions
,Give this one a try later!
want to know whether the owners have the ability to pay increased wages
and benefits
Retained Earnings
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An amount earned by a corporation and not yet distributed to
stockholders.
Identify the forms of business organization for the following
1. Easier to raise funds:
2. Simple to establish:
3. No personal liability:
4. Tax advantages:
5. Easier to transfer ownership:
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1. Easier to raise funds: Corporation
2. Simple to establish: Sole Proprietorship and Partnership
3. No personal liability: Corporation
4. Tax advantages: Sole Proprietorship and Partnership
5. Easier to transfer ownership: Corporation
Inventory
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, Assets that are goods available for future sales to customers.
Accounting
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The process of planning, recording, analyzing, and interpreting financial
information.
Internal Users
Give this one a try later!
managers who plan, organize, and run a business (marketing managers,
production supervisors, finance directors, and company officers)
Comparability
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Results when different companies use the same accounting principles
Sole Proprietorship
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, A business owned by one person
Simple to set up, gives you control over the business
Tax advantages
Matching Principle
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match expenses with revenue in the period they occur.
Depreciation
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The allocation of the cost of an asset to a number of years.
Earnings Per Share (EPS)
Give this one a try later!
A measure of the net income earned on each share of common stock;
computed as net income minus preferred dividends divided by the average
number of common shares outstanding during the year.
Provides a useful perspective for determining the investment return
EPS=
