Term
| Statement of Owner Equity |
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Definition
| - Examines changes in owner equity in: retained earnings and contributed capital, personal net worth and change in valuation equity |
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Term
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Definition
| Net Income MINUS withdrawals PLUS(MINUS) Capital additions |
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Term
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Definition
- focuses on cash flows and segregates into cash flows from OPERATING, INVESTING and FINANCING activities
- links together cash, accrual income and balabce sheet information |
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Term
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Definition
| - generally involve producing and delivering goods and providing services |
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Term
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Definition
| - focus on cash flows from the purchase and sale of capital assets and non farm assets |
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Term
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Definition
| - include borrowing and repayment of loans |
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