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6 Cards in this Set
- Front
- Back
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accounting
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the recording, measurement, and interpretation of financial information, often used in making business decisions
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accounting equation
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assets = liabilities + owners' equity
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financial statement showing profitability over period of time
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income statement
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snapshot of financial position at given moment
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balance sheet
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current ratio
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current assets
over current liabilities |
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quick ratio
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like current but takes out inventory
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