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Accounting 250 > ACC 250 Chapter 1 > Flashcards

ACC 250 Chapter 1 Flashcards

1
Q

Who are the primary users of Financial Statements?

A

(P 6,7)

Investors

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2
Q

Accounting Equation Calculations?

A

(P 7)

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3
Q

Calculation of Net Income?

A

(P 9)

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4
Q

Dividends reduce retained earnings?

A

(P 9 and Example 1-3)

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5
Q

Contents of the Balance Sheet?

A

(P 12)

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Accounting 250 (11 decks)

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