Module 1 - ACCOUNTING

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Last updated 5:18 AM on 10/17/26
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11 Terms

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<p>Assets</p>

Assets

Resources of a company

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<p>Liabilities</p>

Liabilities

Amounts owed

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<p>Stockholders equity</p>

Stockholders equity

Owners claims to resources

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<p>Dividends</p>

Dividends

Distributions to stockholders

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<p>Revenues</p>

Revenues

Sales of products or services to customers

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<p>Expenses</p>

Expenses

Costs of selling products or services

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<p>Balance sheet </p>

Balance sheet

A date-specific report showing what a company owns, owes, and what owners claim.

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<p>Statement of cash flows</p>

Statement of cash flows

A financial statement that measures activities such as cash receipts and cash payments over an interval of time.

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<p>Income Statement</p>

Income Statement

Reports the company’s revenues, net income or loss, and expenses over a particular time

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Retained earnings

The net income earned by a corporation and not yet paid to shareholders

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Form used by public companies to file quarterly financial statement is:

Form 10-Q