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In this chapter, I learned how to account for cash dividends, account for share dividends and splits, prepare and analyze a comprehensive equity section, and more on the form and content of corporation income statements. I learned that earnings that a corporation generates can be either retained or shared with its shareholders.  Dividends are the earnings that a company decides to share with its shareholders.  I learned the difference between cash dividends and share dividends. I also learned its effect on the equity statement.

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I learned the major characteristics of a corporation and as well as so many other aspects. Aside from the technical aspects that I have learned in Accounting, I dived deeper as to how this subject connects to my course, which is BS Entrepreneurship. I learned that a business is established either mainly for monetary profit. It may provide other additional benefits like employment, monetary donations to society, increased revenue to overall GDP etc etc. Most enterprises enter business for profit while some enter as charity or for the general well-being of society which is called a non profit organisation. Entrepreneurs are the ones who decide to open/run a business and depending on which category may be a social or corporate entrepreneur.

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Plant assets is my favorite topic!! Mainly because I was really listening and intrigued with the loom videos, i mainly liked doing the straight line method and the double declining method.

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Accounts receivables seemed very interesting! Throughout the discussion of Ms. Marivic, I learned about how a service can be rendered but still not paid. This made me realize a lot of stuff in my mom's business. I would sometimes hear her talk about accounts receivables when talking to accountants. And now that I know, I have a glimpse now of how it specifically word in her business.

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Well, for chapter 6 I really had to study it because it's our group presentation. I was having a hard time studying this chapter because my wifi in the province was so weak given that there were so many technical areas that were needed to study that chapter. I specifically studied the inventory turnover by days and as well as the FIFO method and Average method.

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I think the time limits during the quizzes was what made me struggle the most. In addition, everything was also very abrupt and overwhelming.

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The most significant takeaway I had would be the importance of accounting in managing your personal finances. I learned that there is a whole world that exists towards analysing finances.

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Things that do not work for me in the classroom

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Things that do not work for me in the classroom

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I think when there's no freedom of expression and trust with the teacher. I think trust is very important so if we dont have that, we wont be able to learn properly.

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Things that work for me in the classroom

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Things that work for me in the classroom

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I am currently in the province and I would really appreciate it if the teacher is generous with the deadlines because I cant really control the wifi signal.

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Hi! My name is Scarlette Cua, I am 18 years old. I am a very sociable and creative person. Things that I love to do include dancing, acting, fashion , and reading. I love traveling and exposing myself to new things as well!