Chapter 1
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| Residual from the deduction of all expenses from all revenues | show 🗑
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| show | Net Loss
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| show | Cash Flow from Operating Activities
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| show | Merchandising Company
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| show | Expenses
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| Income statement structured as follows: Sales; Less: Cost of Goods Sold; Gross Profit; Less: Operating Expenses; Net Income | show 🗑
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| show | Generally Accepted Accounting Principles (GAAP)
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| A record of a company's financial position at a particular point in time | show 🗑
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| show | Service Company
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| show | Statement of Cash Flows
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| show | Assets
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| The accumulated net income of a company over its life reduced by the total dividends paid to owners during its life; represent cumulative earnings that have been kept in the company; represent the earned portion of the owners' claims | show 🗑
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| Cash transactions related to the financing of a business, e.g., issuance of stock to owners; repayment of loan principal | show 🗑
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| The cost of borrowing money | show 🗑
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| Owners of a corporation | show 🗑
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| A financial statement that shows changes in the balances of contributed capital and retained earnings during a fiscal period and is structured as follows: Beginning Contributed Capital; Add: Issuance of Common Stock; Ending Contributed Capital; Beginning | show 🗑
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| show | Manufacturing Company
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| show | Shares of Common Stock
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| Owners' claims to the assets of a company; comprised of contributed capital and retained earnings | show 🗑
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| show | Liabilities
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| Resources used to start a business | show 🗑
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| show | Cash Flow from Investing Activities
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| A year in the life of a business e.g., January 1-December 31; October 1–September 30; February 1-January 31 | show 🗑
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| show | Corporation
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| Side-by-side reporting of consecutive fiscal period balance sheets | show 🗑
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| An owner's investment in a company | show 🗑
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| Distributions of a corporation's earnings to owners | show 🗑
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| show | Revenue (Sales)
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| show | Stock Exchange (Market)
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