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Business UNIT 3 Part F/ E > Supporting Equations for Statement of Financial Position/ Comp. Income > Flashcards

Supporting Equations for Statement of Financial Position/ Comp. Income Flashcards

1
Q

WorkingCapital=

A

CurrentAssets − CurrentLiabilities

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2
Q

AdjustedExpense=
(2 versions)

A

IncurredExpense + AccruedAmount
IncurredExpense − PrepaymentAmount

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3
Q

​Depreciation expense=

A

(AssetCost−ResidualValue) / Useful life in years

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Business UNIT 3 Part F/ E (11 decks)

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