Elements of Finance Mariano Chapter5 (1)

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Transcript of Elements of Finance Mariano Chapter5 (1)

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LEARNING OBJECTIVES

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FINANCIAL STATEMENTS: DEFINITION

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INCOME STATEMENT

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Income Statement:SERVICE FIRM

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Income Statement:TRADING CORPORATION

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Income Statement:MANUFACTURING FIRM

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Product Costs vs Period Costs

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BALANCE SHEET

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Market Value vs Book Value

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STATEMENT OF CHANGESIN OWNERS’ EQUITY

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STATEMENT OFRETAINED EARNINGS

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CASH FLOW STATEMENT

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