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ENG M401 Bundled Exam Questions Package with Correct Answers
ENG M401 Bundled Exam Questions Package with Correct Answers
[Show more]ENG M401 Bundled Exam Questions Package with Correct Answers
[Show more]Proprietorship - A business owned by one person 
Partnership - a business owned by two or more people 
Corporation - legal entity created under law, separate from its owners and managers 
Economic Principles - Time, Difference, Increment, Risk 
Accounting Equation - Assets=Liabilities+Owners' Equit...
Preview 2 out of 5 pages
Add to cartProprietorship - A business owned by one person 
Partnership - a business owned by two or more people 
Corporation - legal entity created under law, separate from its owners and managers 
Economic Principles - Time, Difference, Increment, Risk 
Accounting Equation - Assets=Liabilities+Owners' Equit...
How much did we make, and how much do we keep? (in a given time period) - Income 
statements 
How much do we have, and where did it come from? (at a given point in time)? - Balance 
sheets 
Where did our money go? (in a given time period) - Cash flow statements 
What is Bookkeeping? - Process of c...
Preview 2 out of 12 pages
Add to cartHow much did we make, and how much do we keep? (in a given time period) - Income 
statements 
How much do we have, and where did it come from? (at a given point in time)? - Balance 
sheets 
Where did our money go? (in a given time period) - Cash flow statements 
What is Bookkeeping? - Process of c...
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