Karten 20 Karten
Lernende 3 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 26.09.2017 / 13.10.2019
Lizenzierung Keine Angabe
0 Exakte Antworten 20 Text Antworten 0 Multiple Choice Antworten
Fenster schliessen

what is on the right side of the balance sheet?

Liabilities and equity

Fenster schliessen

what is on the left side of the balancesheet?


Fenster schliessen

what does accounts receivable mean?

performing a service for clients who do not pay immediately

Fenster schliessen

what does accounts payable mean?

we received a service we have not yet payed for

Fenster schliessen

what does expense mean?

when we spend money, e.g.: rent expense or salaries expense

Fenster schliessen

what does common stock mean?

when the owner contributes money to the corporation in exchange for stock

Fenster schliessen

How do you calculate an income statement?

Revehues - Expenses = Net income/Net loss

Fenster schliessen

how do you calculate a statement of retained earnings?

Retained earnings, Beginning

+ Net income or Net loss for the period

- Dividends for the period

= Retained Earnings, Ending