Chapter 16 by https://padlet.com/whit_ramsey4/dxdww66f699m Made with the strength to succeed en-us 2018-09-27 21:12:07 UTC 2018-09-27 21:28:00 UTC hello@padlet.com What is a balance sheet? whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750256 Financial report that lists assets, liabilities, and equity. Report reflects the financial position of the company as a of a particular date. ]]> 2018-09-27 21:13:49 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750256 Assets= Liabilities + Owners Equity whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750687 2018-09-27 21:15:44 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750687 Define capital? whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750809 Owners' investment in the business]]> 2018-09-27 21:16:20 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750809 A sole proprietorship is whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750947 A business owned by one person ]]> 2018-09-27 21:17:01 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286750947 A partnership is? whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751136 Business with two or more owners. ]]> 2018-09-27 21:17:50 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751136 A corporation is? whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751227 Company with many owners or stockholders. Equity of these owners is called stockholders' equity ]]> 2018-09-27 21:18:13 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751227 Preparing a horizontal analysis of a comparative balance sheet whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751516 Step 1- Calculate the increase or decrease in watch item from the base year.
Step 2- Divide the increase or decrease in step 1 by the old or base year. 
Step3- round as indicted ]]> 2018-09-27 21:19:44 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286751516 Income statement is? whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752396 Financial report that lists the revenues and expenses for a specific period of time. It reflects how well the company is performing. ]]> 2018-09-27 21:24:21 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752396 revenues - operating expenses= net income whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752743 2018-09-27 21:26:06 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752743 Completing a trend analysis whit_ramsey4 https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752975 Step 1- Select the base year (100%)
STEP 2- express each amount as a percent of the base year amount ]]> 2018-09-27 21:27:10 UTC https://padlet.com/whit_ramsey4/dxdww66f699m/wish/286752975