ACC 210
North Carolina State University
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Acc 201: Chapter 6 Acc Notes
- Class notes • 4 pages • 2024
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This is a detailed note on concepts of financial reporting- chapter 6 
 
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ACC 210 ncsu exam 1 Questions and answers, 100% Accurate, VERIFIED.
- Exam (elaborations) • 4 pages • 2023
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ACC 210 ncsu exam 1 Questions and answers, 100% Accurate, VERIFIED. 
 
 
Asset - -something that has future economic benefit 
 
Asset examples - -cash, accounts receivable, inventory, prepaid insurance, equipment 
 
Liability - -a debt owed to others 
 
Liability examples - -accounts payable, unearned revenue, note payable 
 
Dividends - -money that a company has promised to give to its stockholders 
 
Equity - -Common stock, retained earnings, revenues 
 
Accounting equation - -assets= liabilit...
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