100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ACC 356 Exam 2 Review Concepts Questions And Answers $11.49   Add to cart

Exam (elaborations)

ACC 356 Exam 2 Review Concepts Questions And Answers

 2 views  0 purchase
  • Course
  • ACC 356
  • Institution
  • ACC 356

ACC 356 Exam 2 Review Concepts Questions And Answers balance sheet ANS Reports on the assets, liabilities, and stockholders' equity of the business as of a specific date. balance sheet provides info about ANS resources, obligations to creditors, and equity in net resources balance sheet he...

[Show more]

Preview 1 out of 4  pages

  • September 2, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • acc 356 exam 2 review
  • ACC 356
  • ACC 356
avatar-seller
Nipsey
ACC 356 Exam 2 Review Concepts Questions And
Answers
balance sheet ANS Reports on the assets, liabilities, and stockholders' equity of the business as of a specific
date.



balance sheet provides info about ANS resources, obligations to creditors, and equity in net resources



balance sheet helps in ANS predicting amounts, timing, and uncertainty of future cash flows



usefulness of balance sheet ANS computing rates of return.

evaluating the capital structure.

assess risk and future cash flows.

analyze the company's:

LIQUIDITY

SOLVENCY

FINANCIAL FLEXIBILITY



limitations of a balance sheet ANS most assets and liabilities are reported at historical cost.

use of judgments and estimates.

many items of financial value are omitted.



assets ANS probable future economic benefits obtained or controlled by a particular entity as a result of past
transactions or events

current assets, long-term assets, ppe, intangible assets (trademarks, goodwill, etc)



liabilities ANS probable future sacrifices of economic benefits arising from present obligations of a particular
entity to transfer assets or provide services to other entities in the future as a result of past transactions or events

current liabilities, long term debt



equity ANS residual interest in the assets of an entity that remains after deducting liabilities

owners/stockholders equity (capital stock, retained earnings, OCI, treasury stock)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Nipsey. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

85073 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart