Pages -99, 101-102 -216, 220-225
9 important questions on Pages -99, 101-102 -216, 220-225
Statement of owner's Equity
Difference Balance Sheet & Income Statement?
Formule Net asset value/ book value
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Current Portion of Long term debt
Long- term liabilities/ long- term debt
Formula Long-term Liabilities/ Long-term debt
Equity section of a corporate balance sheet is called:
On the balance sheet Stockholders' equity entail (in order):
- Paid- In Capital
- Preferred Stock
- Common Stock
- Additional Paid-In Capital
- total Paid-In Capital
- Donated capital
- Retained Earnings
- Total
- Deduct: Common Treasury stock at cost
- Total Stockholders' Equity
Statement of Retained Earnings
- Prepared to show the changes to retained earnings during the year.
- Net Income from Income Statement in added to start value of Retained earnings
- Any dividends declared are deducted (-taken off)
- End Value of Retained Earnings visible in Balance Sheet at the end of year
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