1
Q
if you borrow money, do you consider it as getting more cash, getting more earnings, or none?
A
you do get more cash but borrowing money isn’t earning money
2
Q
if you spend money on an asset, do you lose earnings?
A
no because they add value to your company
3
Q
if you spent a certain amount on assets and you used a part of them, are they all considered as negative earnings?
A
no only those that were used
Comm 217
flashcards
Decks in class (18)
# Cards
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chapter 1: financial segments, assets, and liabilities37
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Chapter 1: statement of comprehensive income9
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chapter 1: statement of changes in equity9
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chapter 1: notes to financial statements3
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chapter 1: extra questions3
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chapter 2: financial reporting, T accounts, current assets, etc31
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chapter 2.4: how do transactions affect accounts?22
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Chapter 3: operating decisions and the statement of earnings32
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chapter 4: adjustments, financial statements, and quality of earnings45
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chapter 5: inhale cash flows63
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chapter 6: reporting and interpreting sales revenue, receivables, and cash39
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gyu questions before the midterm46
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ratioooos8
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chapter 7: FIFO bhaye52
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chapter 8: depreciation of all type of thangs74
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Chapter 9: reporting and interpreting current liabilities37
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chapter 10: long term liabilities65
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chapter 11: reporting and interpreting shareholder's equity73
