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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