ACG-2021 Lecture Notes - Lecture 2: Retained Earnings, Common Stock, Financial Statement

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2 Oct 2017
School
Department
Course
Chapter 2
A further Look into Financial Statements
Balance Sheet: Presents a snapshot of a point in time.
Assets:
Current Assets
Long-term investments
Property, plant, and equipment
Intangible Assets
Liabilities and Stockholders Equity
current Liabilities
Long Term Liabilities
Stockholders Equity
Classified Balance Sheet: * all items must be in this order
1. Current Assets
Cash
Account Receiveables
Inventory
Supplies
2. Long term investment
Stock Investment
3. Property, plant, Equipment
Land
Equipment
4. Intangible Assets
Patents
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