Unit 1 Accounting (basic Accounting Principles)

Assets – Economic resources that are expected to benefit the business in the future.Something the business owns or has control of.
FOB Shipping Point (free on board) – When goods are shipped, title changes hands at shipment, and the buyer normally pays for shipping.
estado de evolución de saldos con casa matriz – statement of changes in balances with head office
Net income is computed as – revenues – expenses
subsidiary – شركة تابعة ، تابع ، فرعي ، مساعد
permanent accounts – do not close
assets, liabilities, common stock, Retained Earnings
Walker Laboratories, Inc. pays a $1.37 dividend every quarter and will maintain this policy forever. What price should you pay for one share of common stock if you want an annual return of 12.5% on your investment?
cyclical stock – a stock that tends to rise and fall with the economy
Sole Proprietor advantages – Owner is own boss, can make all decisions, keeps all profit
Contractually Assumed Obligation – General request NOT OK
Client must specifically identify and request comment
Wаlker Lаbоrаtоries, Inc. pays a $1.37 dividend every quarter and will maintain this pоlicy forever. What price should you pay for one share of common stock if you want an annual return of 12.5% on your investment?
profitable/growing business – positive cash flow from operating activities, negative cash flow from investing activities, and positive, negative, or neutral cash flow from financing activities
accrual basis accounting – uses the adjusting process to recognize revenue when earned and expenses when incurred

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