COMM 293 Study Guide - Midterm Guide: Profit Margin, Cruise Ship, Moving Average
Document Summary
Xyz group- statement of financial position as at 31 december 2014. Xyz group statement of comprehensive income for the year. Earnings per share- weighted average number of shares is 20,000 for 2014 and. Assume the market price of the shares on dec. 31, 2014 ends up being . Assets an asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. Investing activities involve the purchasing or selling of assets-(vs expenses) Income and expenses income income is a net increase in assets or decrease in liabilities that result in an increase in equity, other than those relating to contributions from shareholders. Expenses expenses are decreases in assets or incurrence"s of liabilities that result in decreases in equity, other than those relating to distributions to shareholders.
