Liabilities and stockholders equity Flashcards
Retained earnings. Beginning balance of retained earnings from prior year. Plus net income of the current year, if any. Minus net loss of the current year, if any. Minus dividends paid or declared for the current year, if any.
Stockholders equity (Dr)
Discount on bonds payable (contra liability)
Long-term liabilities (Dr)
Mortgage payable
Long-term liabilities
Other comprehensive income
Stockholders equity
Bonds payable
Long-term liabilities
Additional paid in capital on common stock
Stockholders equity
Pension obligation
Long-term liabilities
Preferred stock
Stockholders equity
Notes payable (current portion only)
Current liability
Retained earnings. Beginning balance of retained earnings from prior year plus net income of the current year, if any.
Stockholders equity
Common stock
Stockholders equity
Retained earnings. Beginning balance of retained earnings from prior year
Stockholders equity
Accounts payable
Current liability
Other payables (salaries, interest, taxes, warranties, etc.)
Current liability
Treasury stock (contra shareholders equity)
Stockholders equity (Dr)
