Exam 1 Formulas

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Introduction To Accounting

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6 Terms

1
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Revenue - Expenses =

Net Income

2
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Beginning Common Stock + Stock Issued =

Ending Common Stock

3
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Beginning Retained Earnings + Net Income - Dividends Declared =

Ending Retained Earnings

4
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Liabilities + Stockholders’ Equity =

Assets (Accounting Equation)

5
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Operating Cash + Investing Cash + Financing Cash =

Change in Cash

6
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Change in Cash + Beginning Cash Balance =

Ending Cash Balance