ACC 561 Week 2 Individual Assignment Accounting and The Regulatory Environment Presentation
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9. The financial statement that summarizes the changes in retained earnings for a specific period of time is the 10. To show how successfully your business performed during a period of time, you would report its revenues and expenses in the 11. Which financial statement is prepared first? 12. An income statement shows 13. Dawson Corporation has the following information available for 2011:
Based on this information, what is Dawson’ s Common Stock balance at the end of the year? 14. Declaring a cash dividend will 15. At December 31, 2012 Lowery Company had retained earnings of $ 2,184,000. During 2012 they issued stock for $ 98,000, and paid dividends of $ 34,000. Net income for 2012 was $ 402,000. The retained earnings balance at the beginning of 2012 was: 16. Which of the following organizations issues accounting standards for countries outside the United States? 17. Generally accepted accounting principles 18. The agency of the United State Government that oversees the U. S. financial markets is the 19. What organization issues U. S. accounting standards? 20. Two of the major characteristics that make accounting information useful are ===============================================
ACC 561 Week 2 Individual Assignment Accounting and The Regulatory Environment Presentation
For more course tutorials visit www. tutorialrank. com
In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency. Agencies like the