Revenues $115,300 $Enter a dollar amount. E Expenses Enter a dollar amount.A162,100 Net earnings 37,900 81,300 Dividends declared Enter a dollar amount.B20,900 Retained earnings: Beginning of year 293,100 293,100 End of year 319,200 Enter a dollar amount.F Total assets: Beginning of year 403,500 565,800 End of year Enter a dollar amount.C679,850 Total Liabilities: Beginning of year 9,500 220,400 End of year 371,000 247,900 Common shares: Beginning of year 100,900 52,300 End of year 151,350 Enter a dollar amount.G Proceeds from common shares issued during the year Enter a dollar amount.DEnter a dollar amount.H
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
$115,300
$Enter a dollar amount. E
Enter a dollar amount.A162,100
37,900
81,300
Enter a dollar amount.B20,900
293,100
293,100
319,200
Enter a dollar amount.F
403,500
565,800
Enter a dollar amount.C679,850
9,500
220,400
371,000
247,900
100,900
52,300
151,350
Enter a dollar amount.G
Enter a dollar amount.DEnter a dollar amount.H
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