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6 Cards in this Set
- Front
- Back
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The Balance Sheet Equation |
Assets = Liabilities + Stockholders' Equity
or
Ressources = Claims on Resources by Outsiders + Owners |
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Complete Balance Sheet Equation - Assets |
Assets = Liabilities + Stockholders' Equity |
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Complete Balance Sheet Equation - Stockholders' Equity |
Stockholders' Equity = Contributed Capital + Retained Earnings |
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Complete Balance Sheet Equation - Retained Earnings |
Retained Earnings = Prior Retained Earnings + Net Income - Dividends |
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Complete Balance Sheet Equation - Net Income |
Net Income = Revenues - Expenses |
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Complete Balance Sheet Equation - Assets (full equation) |
Assets = Liabilities + Contributed Capital + Prior Retained Earnings + Revenues - Expenses - Dividends |
