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15 Cards in this Set
- Front
- Back
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Balance Sheet |
Reports an entity's financial position at a specific date |
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Income statement |
Reports an entity's results of operations for a period of time |
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statement of cash flows |
Reports an entity’s cash receipts and cash payments for its operating, investing, andfinancing activities for a period of time. |
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retained earnings statement |
Reports a summary of an entity’s changes in retained earnings for a period of time. |
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Dividends |
Cash payments from a corporation to its stockholders. |
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Expenses |
The cost of resources consumed or services used in the process of generating revenues. |
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Assets |
Resources owned by an entity that are expected to benefit future operations. |
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Stockholder's Equity |
Residual interest in assets of a corporation after deducting its liabilities |
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Revenues |
Amounts earned by an entity in operating its business from goods sold and servicesprovided to customers. |
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Liabilities |
Obligations of an entity for amounts or services owed to creditors. |
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Notes to the financial statement |
Description of the company’s significant accounting policies |
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Management’s discussion and analysis. |
Management’s analysis of changes in income from operations for the current year versusthe prior year. |
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Financial statements |
Sales and net income for the current and two prior years. |
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Notes to the financial statement |
Detailed information about the company’s long-term liabilities, such as years due andinterest rates. |
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Auditors report |
A statement about whether or not the statements are presented fairly in accordance withgenerally accepted accounting principles. |
