Thomas R. Ittelson
More books by Thomas R. Ittelson…
“The company’s working capital is the amount of money left over after you subtract current liabilities from current assets.
Current Assets – Current Liabilities = Working Capital”
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
Current Assets – Current Liabilities = Working Capital”
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
“SHAREHOLDERS’ EQUITY has two components: CAPITAL STOCK: The original amount of money the owners contributed as their investment in the stock of the company. RETAINED EARNINGS: All the earnings of the company that have been retained, that is, not paid out as dividends to owners.”
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
“even if it’s boring and dull and soon to be forgotten, continue to learn double-entry bookkeeping. People think I’m joking, but I’m not. You should love the mathematics of business.”
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
― Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
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