Terminology Matching Accounts Receivable Note Payable Bonds Payable Common Stock Income Statement Balance Sheet Retained Earnings Statement Statement of Cash Flow Basic Accounting Equation Annual Report Owed to a bank for the money borrowed Bill customer/patient for services Debt securities sold to investors that must be repaid at a particular date in the future Prepared by corporate management to present financial information, management discussion, notes, and auditor's report Used by creditors to determine if they will be paid Used by creditors and investors to analyze the organization's cash position Assets Liabilities+Stockholder's Equity Used by investors to evaluate the organization's history of paying high dividends The total amount paid in by stockholders for the share they purchase Used by creditors for predicting future earnings
Terminology Matching Accounts Receivable Note Payable Bonds Payable Common Stock Income Statement Balance Sheet Retained Earnings Statement Statement of Cash Flow Basic Accounting Equation Annual Report Owed to a bank for the money borrowed Bill customer/patient for services Debt securities sold to investors that must be repaid at a particular date in the future Prepared by corporate management to present financial information, management discussion, notes, and auditor's report Used by creditors to determine if they will be paid Used by creditors and investors to analyze the organization's cash position Assets Liabilities+Stockholder's Equity Used by investors to evaluate the organization's history of paying high dividends The total amount paid in by stockholders for the share they purchase Used by creditors for predicting future earnings
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.4MCP
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