1. Clearly distinguish between cash flows and accruals/deferrals 2. Define retained earnings and explain specifically how...

1. Clearly distinguish between cash flows and accruals/deferrals

2. Define retained earnings and explain specifically how it differs from cash, revenues, and net income

3. list three ways to achieve “matching.”

4. Explain what “closing the books” means; what are you closing and more importantly - why?

5. Explain the time period assumption using the adjusting and closing process as the basis for your explanation.

6. Explain what the statement of cash flows tells you that the income statement does not

Expert Solution

ekkarill92 answered 1 year ago

Distinguish between paid-in capital and retained earnings of a corporation. Why is such a distinction useful?...

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1)Explain the difference between accrural basis net income and operating cash flows 2) Explain how the...

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9. Changes in retained earnings are commonly reported in the: Multiple Choice Statement of cash flows....

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a) Distinguish clearly the differences between an audit and assurance. b) Explain the different types of...

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1.) Why do cash flow calculations not include the addition to retained earnings? 2.)Most people find...

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