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5 Cards in this Set
- Front
- Back
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What is the accounting equation? |
Assets=liabilities + stockholders equity |
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Net income equation |
Revenue-expenses=net income |
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Stockholders equity equation |
Stockholders equity= common stock + retained earnings |
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Retained earnings equation |
All net income - all dividend = retained earnings |
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Change in cash equation |
Change in cash= operating cash flows + investing cash flows + financing cash flows |
