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Class Notes for ACC 212 at Grand Valley State University (GVSU)

GVSUACC 212StovallWinter

ACC 212 Lecture Notes - Lecture 3: Limited Liability, Stock Split, Employee Benefits

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Financing can be divided into 2 general categories: debt (borrowing from banks or other creditors, equity (issuing stock) The company must consider the
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GVSUACC 212StovallWinter

ACC 212 Lecture Notes - Lecture 5: Accounting Equation, Trial Balance, Deferral

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GVSUACC 212StovallWinter

ACC 212 Lecture Notes - Lecture 2: Issued Shares, Cash Flow, Financial Statement

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Limited numbers of shares: authorized shares: max number of shares a corp. can issue. Issued shares: numbers of shares sold and distributed: outstandin
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GVSUACC 212StovallWinter

ACC 212 Lecture Notes - Lecture 1: Intangible Asset, Subledger, Asset

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Accounts receivable: a receivable arising from the sale of goods or services with a verbal promise to pay within a specified period of time. Most of th
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GVSUACC 212StovallWinter

ACC 212 Lecture Notes - Lecture 4: Profit Margin, Net Income, Asset

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Business: all of the activities necessary to provide the members of an economic system with goods and services. Business entities: an organization oper
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