afm mc .docx

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Department
Accounting & Financial Management
Course
AFM 123
Professor
David Lin
Semester
Fall

Description
AFMMidterm201310041CreditorsareaPeopleororganizationswhoowemoneytoabusinessbPeopleororganizationstowhomabusinessowesmoneycShareholdersofabusinessdCustomersofabusiness2FinancialstatementsaremostcommonlypreparedaSemimonthlybMonthlyquarterlyandannuallycWhenevermanagementfeelslikeitdWeekly3TheseparateentityassumptionsmeansaAcompanysfinancialstatementsreflectonlythebusinessactivitiesofthatcompanyandnotthatoftheshareholdersbEachseparateownersfinancesmustberevealedinthefinancialstatementscEachseparateentitythathasaclaimonacompanysassetsmustbeshowninthefinancialstatementsdAlloftheabove4ThePublishorPerishPrintingCompanypaidadividendtoshareholdersThiswillbereportedonthe
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