ACC290 Complete Course Week 1 5 Summary

Question: #8192

ACC 290

Week 1

Summary

During week one I have learned much about recording basic financial transactions. The four basic financial statements include income, retained earnings, balance, and statement of cash flows. These are important because they provide a way for the organization to judge their financial performance. Income statements provide a description of how profitable the business is. Retained earnings reports what income was reinvested in the organization and was not distributed to the stockholders. Balance statements relay the assets and liabilities of

Solution: #8195

ACC290 Complete Course Week 1-5 Summary

ACC 290 Week 1 Summary During week one I have learned much about recording basic financial transactions. The four basic financial statements...