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Unformatted text preview: ⌐ same as earnings • tells about profits Statement of cash flow • Operating activities => best source ⌐ collect from customers ⌐ payments for expenses • investing ⌐ purchase PPE ⌐ sale PPE • financing ⌐ sell stock ⌐ borrow money ⌐ pay loan ⌐ buy back stock ⌐ pay dividends • helps predict future • more debt => higher interest rates • predict financial flexibility ⌐ the ability to meet unexpected needs • tells about cash “full accounting employment act” LLC => limited liability company • Corporation => can’t sue owners… but pays own taxes (double taxation) ⌐ Remainder => to owner (dividends) • Choice: taxed like corporation or like partnership? Cost of goods sold => cost of merchandise sold => expense (only expense without ‘expense’)...
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This note was uploaded on 11/21/2010 for the course MUS 102 taught by Professor Davis during the Spring '10 term at Bergen Community College.
- Spring '10