This posting addresses accounting principles.
Not what you're looking for?
What are some items that appear on an organization's balance sheet? How does an organization calculate net income? What statements are useful in explaining how much cash an organization uses or generates during an accounting period? Why?
Purchase this Solution
Solution Summary
The solution provides a good discussion regarding the balance sheet, the calculation of net income, and an organization's optimal use of cash as provided by the statements.
Solution Preview
The balance sheet contains two sides - the assets side, and the liabilities and owner's equity side.
The asset side includes items such as cash, accounts receivables, equipment, and investments.
The liabilities side includes items like mortgages, accounts payable, notes payable, and other short and long-term liabilities. The right side also includes owners equity, retained earnings, shareholder draws. ...
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Introduction to Finance
This quiz test introductory finance topics.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.