S

Financial Accounting Flashcards: Cash Flow Statement & Business Activities

Flashcard Icon

Flashcard

Learn Mode Icon

Learn Mode

Match Icon

Match

Coming Soon!
Library Icon

Library

View Library
Match Icon

Create

Create More Decks
Flashcard Icon Flashcards
Flashcard Icon Flashcards
Library Icon Library
Match Icon Match (Coming Soon)

Finance - Personal Finance

View Results
Full Screen Icon

andrsonztdc Created by 10 mon ago

Related Decks

Cards in this deck(10)
Operating activities in accounting include net income, depreciation/amortization, sale of long-term assets, current asset sales, and current liabilities. These activities are primarily related to _____ operations.
Blur Image
Investing activities in accounting include transactions involving plant assets, investments that are not cash equivalents, and loans. These activities are primarily related to _____ and selling long-term assets.
Blur Image
Financing activities in accounting include transactions such as issuing stock, treasury stock, paying dividends, borrowing money, and payment of debt. These activities are primarily related to _____ funds for the company.
Blur Image
The equation for the purchase of equipment is given by: Ending Balance + Depreciation - Beginning Balance = _____.
Blur Image
The equation for the payment of dividends is: Beginning Retained Earnings + Net Income - Ending Retained Earnings = _____.
Blur Image
The financial statements in order are: 1. Income Statement, 2. Statement of Retained Earnings, 3. Balance Sheet, 4. Statement of Cash Flows. The second statement in this order is the _____.
Blur Image
An income statement includes revenues and expenses, resulting in net income. The formula is: Revenues - Expenses = _____.
Blur Image
A Statement of Retained Earnings includes the formula: Beginning Retained Earnings + Net Income - Dividends = _____.
Blur Image
A balance sheet includes assets, liabilities, and owner's equity. The equation is: Total Assets = Total Liabilities + _____.
Blur Image
In accounting, ALORED stands for Assets, Liabilities, Owner's Equity, Revenues, Expenses, and Dividends. The component that increases with a debit is _____.
Blur Image

Ask Our AI Tutor

Get Instant Help with Your Questions

Need help understanding a concept or solving a problem? Type your question below, and our AI tutor will provide a personalized answer in real-time!

How it works

  • Ask any academic question, and our AI tutor will respond instantly with explanations, solutions, or examples.
Get Started
Flashcard Icon
  • Browse questions and discover topic-based flashcards
  • Practice with engaging flashcards designed for each subject
  • Strengthen memory with concise, effective learning tools
Discover By Topic