BUSI 1101 Chapter Notes - Chapter 1-2: Retained Earnings, Financial Statement, Deferred Income
Document Summary
Internal: those who plan, organize, and run a company. Financing activities: includes borrowing cash from lenders by issuing debt, or conversely, using cash to repay debt. Cash can also be raised from shareholders by issuing shares, or paid to shareholders by repurchasing shares or distributing dividends. Investing activities: include purchasing and disposing of long-lived assets such as property, plant, and equipment and purchasing and selling long-term investments. Operating activities: result from day-to-day operations and include revenues and expenses and related accounts such as receivables, supplies, inventory, and payables. Reports revenues and expenses to show how successfully a company performed during a period of time. Statement of changes in equity common shares and retained earnings), as well as total equity, during a period of time. Shows the changes in each component of shareholders" equity (cid:523)usually liabilities(cid:524), and the resulting difference (cid:523)its shareholders" equity(cid:524) at a specific. Presents a picture of what a company owns (its assets), what it owes (its.
