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HBX - Accounting Questions and Correct Verified Answers Latest Version
HBX - Accounting Questions and Correct Verified Answers Latest Version
[Show more]HBX - Accounting Questions and Correct Verified Answers Latest Version
[Show more]3 types of financial statements 
 balance sheet, income statement, statement of cash flows 
Statement of Cash Flows 
 A financial statement that provides a detailed financial picture about 
the cash receipts and cash payments of a business for a specific 
period of time. It also reconciled beginni...
Preview 2 out of 10 pages
Add to cart3 types of financial statements 
 balance sheet, income statement, statement of cash flows 
Statement of Cash Flows 
 A financial statement that provides a detailed financial picture about 
the cash receipts and cash payments of a business for a specific 
period of time. It also reconciled beginni...
Accounting Equation 
 Assets = Liabilities + Owner's Equity 
Assets 
 resources owned or controlled by an entity that will produce benefits in 
the future. 
 
 Be purchased at a cost that is measurable 
 Produce probable economic benefit in the future 
 Result from a past event 
 Be owned or con...
Preview 3 out of 20 pages
Add to cartAccounting Equation 
 Assets = Liabilities + Owner's Equity 
Assets 
 resources owned or controlled by an entity that will produce benefits in 
the future. 
 
 Be purchased at a cost that is measurable 
 Produce probable economic benefit in the future 
 Result from a past event 
 Be owned or con...
Net Present Value 
 Is a calculation of the present values of all the cash inflows and 
outflows of a project or investment. 
 
 Excel formula =NPV(E4,B3:B12)+B2 
 
 Remember,for NPV you have to manually add the negative outflow 
from time zero related to the initial investment. 
Asset/Expense Ac...
Preview 2 out of 15 pages
Add to cartNet Present Value 
 Is a calculation of the present values of all the cash inflows and 
outflows of a project or investment. 
 
 Excel formula =NPV(E4,B3:B12)+B2 
 
 Remember,for NPV you have to manually add the negative outflow 
from time zero related to the initial investment. 
Asset/Expense Ac...
Assets 
 Cash, inventory, equipment, prepaid assets, invoices 
Liabilities 
 Accounts payables, salaries, sales taxes payable, unredeemed gift 
certificates, long term debt 
Owner's Equity 
 Contributed capital, retained earnings 
Module 4 Explicit transactions 
 triggered by some sort of activi...
Preview 4 out of 48 pages
Add to cartAssets 
 Cash, inventory, equipment, prepaid assets, invoices 
Liabilities 
 Accounts payables, salaries, sales taxes payable, unredeemed gift 
certificates, long term debt 
Owner's Equity 
 Contributed capital, retained earnings 
Module 4 Explicit transactions 
 triggered by some sort of activi...
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