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Introduction
Why it Matters
Describe the Income Statement, Statement of Owner's Equity, Balance Sheet, and Statement of Cash Flows, and How They Interrelate
Define, Explain, and Provide Examples of Current and Noncurrent Assets, Current and Noncurrent Liabilities, Equity, Revenues, and Expenses
Prepare an Income Statement, Statement of Owner's Equity, and Balance Sheet
Key Terms
Summary
Multiple Choice
Questions
Exercise Set A
Exercise Set B
Problem Set A
Problem Set B
Thought Provokers
Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements
Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions
Define and Describe the Initial Steps in the Accounting Cycle
Analyze Business Transactions Using the Accounting Equation and Show the Impact of Business Transactions on Financial Statements
Use Journal Entries to Record Transactions and Post to T-Accounts
Prepare a Trial Balance
Appendix
A free copy of this content can be found at: https://openstax.org/books/principles-financial-accounting
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Intro to Accounting Copyright © by OpenStax and Joel DeNamur is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.