Chapter 2 Weekly Discussion

Related Solution

Week 5 - Discussion...

Even if she communicates information to her husband within the confines of her marriage, Judith Chen would be considered an insider under rule 10(b)(5) of the Securities Act of 1934. It is because of...

Week 5 Discussion 2

Even if she communicates information to her husban

3-2 Class Meeting_16...

• I think the most important take away from the week three lecture is the definition of a contract. A contract must consist of an agreement, the consideration, contractual capacity, and a legal object...

3-2 Class Meeting

• I think the most important take away from the

Health Economics-DQ_...

A healthcare organization with a community service mainly works for the betterment of the community health. Mainly they are non-profit organization working on the charitable motivation. After doing a...

Health Economics-DQ

A healthcare organization with a community service

Q Chapter 2 - Weekly Discussion 1. Identify the four financial statements 2. In your own words, explain what type of accounts are on each financial statement RUBRIC: **5 points are awarded for a post that correctly and the answer with proper punctuation and grammar. This post is typically is a full paragraph with at least 5-8 sentences. Sources, including textbook, are cited. **3 points are awarded for a post that is "mostly" correct and complete with proper punctuation and grammar. This post is typically close to a full paragraph with at least 3-5 sentences. **1 point is awarded for a post that is incorrect and/or incomplete. **0 points are awarded to those that do not answer the question

View Related Questions

Solution Preview

View Complete Solution

The four financial statements are the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flow. The type of accounts that are on the Income Statement are revenue and expense accounts. The accounts that are on the Statement of Retained Earnings are dividend accounts. The Statement of Retained Earnings also includes the net income from the Income Statement. The type of accounts on a Balance Sheet are all asset accounts, all liability accounts, and all equity accounts. The Balance Sheet also includes the retained earnings.

Student Solution

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course