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Comm 101 11 - Oct 11 - Financial Accounting.docx
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Department
Commerce
Course
COMM 101
Professor
Jeff Kroeker
Semester
Fall

Description
October 11, 2012 CLASS 11: FINANCIAL ACCOUNTING • Cost structure – will having an extra student affect costs of prof, TA, etc? • What was the likely reaction to the Campbell’s announcement? o Their share prices increased • “Wall Street” – major financial institutions; analysts • Employees are a firm’s valuable asset? o Never, this is not an accounting item – Can’t quantify • For calculation of ending retained earnings, dividends: o Subtracted from opening retained earnings and Net income o Net loss – negative retained earnings o Income -> R.E. $ -> Dividends • Total assets for Coca-Cola o About $80,000,000,000 o $48 billion debt • Accounting equation: o Assets – Liabilities = Shareholders’ Equity • Debt not necessarily bad o Levera
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