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Where do you look when you have unexplained changes to equity when you are spreading statements?
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Which element in financial statements includes additional paid-in capital?
equity
What disclosures should be made in the equity section of the balance sheet rather than in the notes to the financial statements?
define liquidation preferences as disclosures should be made in the equity section of the balance sheet, rather than in the notes to the financial statements
What are principle accounting reports involved in financial reporting in general terms what is the purpose of these reports?
The results of the accounting process are the 5 core financial sections: Balance sheet Income statement Statement of changes in equity Statement of cash flows Notes to the financial statements.
What is the sequence for preparing financial statements?
1st: Income statement 2nd:Owner's equity statement 3rd:Balance sheet 4th:Statement of cash flows
What is the detailed record of the changes in a particular asset or liability or owners equity called?
account
What are the current changes in international accounting standard 1?
Changes to the structure of financial statements; inclusion of statement of changes in equity; The pattern of disclosure and classification.
Where can you find divedends on financial statements?
In equity
What is The equity section of corporate financial statements called?
It's usually called Shareholders Funds but can have other descriptions such as Equity, Equity funding, Long term equity.
What are the principal accounting reports involved in financial reporting process?
Balance sheet Income statement Statement of changes in equity Statement of cash flows Notes to the financial statements
Where to find equity on financial statement?
In American financial statements, Stockholder's Equity is the last set of items on the balance sheet.
DO cash flow statements and shareholders equity work together?
NO they don't
What part of the elements of financial statements does retained earnings belong to?
equity
Which element in financial statements includes additional paid-in capital?
equity
What part of the elements of financial statements does additional paid-in capital belong to?
equity
All of the financial statements are for a period of time except the?
owner's equity statement
Are the basic four financial statements adequate for users of a firms financial data?
1. Balance Sheet 2. Income Statement 3. Cash Flow Statement 4. Statement of changes in equity
What disclosures should be made in the equity section of the balance sheet rather than in the notes to the financial statements?
define liquidation preferences as disclosures should be made in the equity section of the balance sheet, rather than in the notes to the financial statements
