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Chapter 1 - intro to financial statement - Coggle Diagram
Chapter 1 - intro to financial statement
forms of business organization
partnership
corporation
sole propietership
business activity
investing activity
equity financing - selling shares of stovk for cash
dividends - payment to stockholders
common stock - amounts paid to stockholders for shares they purchase.
assets - resources owned by a business property, plant and equipment
operating activity
revenue -
amounts generated from sle of goods or service
the increase in assets or decrease in liabilities from the sale of goods
sales revenue, service revenue, interest revenue
financing activity
debt financing - borrowing money to creating a liability
creditores - party to whom amounts are owed
liabilities - amountes that are owed
notes payable money borrowed as a loan
assets