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/biz/ - Business & Finance

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24270197 No.24270197 [Reply] [Original]

to the best of my abilities

>> No.24270230

based go on

>> No.24270264
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24270264

>ASSETS = LIABILITES + SHAREHOLDERS' EQUITY

>> No.24270347
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24270347

>ASSETS ARE USED TO GENERATE REVENUE FOR SHAREHOLDERS THROUGH BUSINESS OPERATIONS
>THERE ARE TWO TYPES: CURRENT AND LONG-TERM ASSETS (ALSO KNOWN AS PROPERTY, PLANT, AND EQUIPMENT ALSO KNOWN AS PPE)

>> No.24270499
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24270499

>THE DISTINCTION IS QUITE SIMPLE REAL. CURRENT ASSETS ARE EXPECTED TO BE USED WITHIN A YEAR AND LONG-TERM OR NON-CURRENT ASSETS ARE EXPECTED TO BE BENEFITED FROM FOR LONGER THAN ONE YEAR
>EXAMPLES OF CURRENT ASSETS: INVENTORY, CASH, UUUMMMM ACCOUNTS RECEIVABLE WHICH IS BASICALLY LIKE MONEY YOU EXPECT FOR SERVICES ALREADY RANDERED OR GOODS ALREADY SOLD

>> No.24270598
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24270598

>EXAMPLES OF PPE: UGH ARE YOI STUPID? IT'S RIGHT IN THE NAME.
>WHATEVER: BASICALLY BUILDINGS, EQUIPMENTS, LAND STUFF LIKE THAT. CARS, TRUCKS. CHUD STUFF.

>> No.24270796
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24270796

>LIABILITIES ARE ALSO CLASSIFIED AS LONG-TERM OR SHORT TERM. SAME RULES ABOUT LONGER THAN A YEAR AND STUFF.
>OH UM LIABILITES ARE BASICALLY DEBT HEHE. UUMM SO YOU KNOW HOW THERE'S ACCOUNTS RECEIVABLE? WELL THERE'S ACCOUNTS *PAYABLE* TOO! LIKE YOU'LP RECEIVE A SERVICE BUT YOU HAVEN'T PAID YET SO YOU INCREASE YOUR ACCOUNTS PAYABLE!

>> No.24270847
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24270847

>UM..WHAT ELSE? WHAT ELSE?
>OH! DUH!

>> No.24270963
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24270963

>SHAREHOLDERS' EQUITY AY KAY AY WHAT THE SHAREHOLDERS OF THE BUSINESS HAVE A RIGHT TO FROM BUSINESS OPERATIONS!
>BASICALLY NET INCOME = REVENUES - EXPENSES. SO YOU TAKE MONEY IN, YOU PAY YOUR BILLS AND DEBT AND WHATEVER'S LEFT OVER IS FOR YOU! YAY!!!

>> No.24271008
File: 64 KB, 342x386, 5FB90200-02E0-4DA8-B745-7B08BDA47754.jpg [View same] [iqdb] [saucenao] [google]
24271008

>WHAT DO YOU MEAN I'M MISSING SOMETHING IMPORTANT?