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A100 FINAL STUDY GUIDE IU.

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2024/2025 Written for academic year
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A100 FINAL STUDY GUIDE IU.

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A100 FINAL STUDY GUIDE IU



incomedostatementdosimpledo-doanswer--revenuesdo-doexpensesdo=donetdoincome

incomedostatementdoindodepthdo-doanswer--sales
-docogsdo(costdoofdogoodsdosold)
-------------------------------
=dogrossdoprofit
-dooperatingdoexpenses
-------------------------------
=donetdoincomedofromdooperations
+/-dosaledoofdoassets
-------------------------------
=donetdoincome

statementdoofdoretaineddoearningsdo-doanswer--
Beginningdoretaineddoearningsdo(do0doifdocompanydoisdoindo1doyeardoofdooperations)
+doNetdoincome
-dividends
--------------------
=doendingdoretaineddoearnings

balancedosheetdoequationdo-doanswer--
Assetsdo=doLiabilitiesdo+doequitydo(stockholdersdoequity)

cashdoflowdostatementdo-doanswer--Beginningdocashdobalance
+/-dooperatingdoactivites
+/-dofinancingdoactivities
+/-doinvestingdoactivities
------------------------
=doendingdocashdobalance

taxdocalculationdo-doanswer--grossdoincome
-doexclusions
--------------
=dogrossdoincomedofordotaxdopurposesdo
-dodeductions
--------------
=dotaxabledoincome
xdotaxdoratedo.21

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