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9 Cards in this Set
- Front
- Back
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Assets
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Cash
Land Building |
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Liabilities
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Accounts Payable
Notes Payable Morgage Payable |
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Revenue
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Sales
Commison Earned |
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Equity
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Common Stock
Revenue Earned |
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Expenses
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Rent
Salaries Utilities Advertising Taxes |
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Balance Sheets
Equation |
Assets = Liabilities + Equity
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Income Statement
Equation |
Revenues - Expenses = Net Income
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Statements of Changes in Stockholders' Equity
Equation |
Beginning of period total equity + stock issued + Net Income - Dividends = End of Period total equity
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Statement of Cash Flow
Equation |
Cash Inflow - Cash Outflow = Net Cash Flow
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