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10 Cards in this Set
- Front
- Back
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Net income= |
revenue-expenses |
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earning per share |
net income/weighted average common stock outstanding |
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working capital= |
current assets-current liabilites |
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debt to asset |
liabilities (total)/total assets |
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free cash flow
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net cash provided by operating activities-capital expendures-cash dividends |
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2 fundamental qualities are |
relevance and faithful representation |
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basic accounting formula |
assets=liabilities+stockholders equity |
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Ledger? |
comprised of the entire group of accountsmaintained by a company |
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Whats the purpose of a trial balance |
Purpose is to prove that debits equalcredits |
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steps in recording process |
Analyze each transaction in terms of its effect on theaccounts.2. Enter the transaction information in a journal. 3. Transfer the journal information to the appropriate accountsin the ledger. |
