1&2 Formulas Flashcards
total issued stock - treasury stock
outstanding stock
the total common stockholders’ equity - the preferred stock /
number of common shares of the company.
book value
multiplying the par value per share by the total number of shares issued.
par value
in expenses assets go ____ and liabilities go ___.
down, up
market value as of the end of the accounting period
fair value
Liabilities + common stock + retained earnings =
Assets
who gets paid in liquidation, list the order (investors, creditors, or owners)
creditors, then investors, then owners
Revenue, expense, and dividends are all considered ___ accounts when at the closing period.
temporary
Retained earnings / (cash + land) = ___ percentage
Asset
borrowed cash goes ___ and Liabilities(notes payable) goes ____
up, up
Revenue - expense =
net loss or net income
in accured salary expense the liab go ___ RE goes ___ EXP goes ___ and Net Income goes __
up, down, up, down
supplies purchased asset (supplies) goes __ liabilities (acct. payable) go __
up,up
supplies used assets(supplies) go _ RE goes____, EXP go ___, Net income go___
down, down, up, down
prepaid cash goes ___, Asset(prepaid EXP) goes ____, cash flow goes __ as(___)
down, up, down, OA
