Return on equity =
Non-Current Assets Generally consists of:
Current Assets Generally consists of:
cash and cash equivalents Generally consists of:
classification - Securities(bonds, ordinary shares, or long-term notes).
classification - Tangible assetsnot currently used in operations (land held for speculation).
classification - Special funds(sinking fund, pension fund, or plant expansion fund
classification - Non-consolidated subsidiariesor associated companies.
classification - land, buildings, machinery, furniture, tools, and wasting resources (minerals).
classification - Patents, copyrights, franchises, goodwill, trademarks, trade names, and customer lists
classification - Long-term prepaid expenses, Non-current receivables , Assets in special funds, Property held for sale, Restricted cash or securities
classification - possible lawsuit settlement fee
current liabilities generally consist of
JE for Declared a cash dividend
Factos affect Retained earnings
treasury stock deducts from common shares, its normal balance is
JE for recognizing depreciation expense
JE for closing revenue account
JE for closing expense account
JE for closing net income
JE for closing dividend
presentation of income statement
contra-accounts shown in balance sheet
income from operation =
income before tax=
income from continuing operation
JE for Corrections of overstating accounts receivable and sales revenue in prior periods