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Capital
In addition to borrowing from banks and additional sources, all companies obtain finance from their owners. This money is usually accessible for the life of the business and is usually only repaid when the company is "wound up". To differentiate among the liabilities owed to third parties and to the business owners, the later is referred to as the "equity capital" or "capital" of the company. In adding, undistributed profits are re-invested in corporation assets (such as equipment, stocks and the bank balance). Though these "retained profits" may be obtainable for allocation to shareholders - and may be paid out as dividends at a future date - they are added to the impartiality capital of the business in arriving at the total "equity shareholders' funds".
At whatever time, so, the capital of a business is like to the assets (usually cash) established from the shareholders plus any profits completed by the company through trading that stay undistributed
The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011
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The major difference in the statement of retained earnings between a service business and a Merchandising business is A. that the retained earnings statement of a merchandisi
10,000 dollar loan at a Maturity of 3 months, an 8% interest rate
he chairperson of the accounting department has three summer courses available: Accounting 201, Accounting 202, and Accounting 305. Twelve faculty members are available for assign
format of the account
The total revenue of the month of June amounted to $6,500; total expenses amounted to $3,500; and withdrawals amounted to $600. The net income for the month amounted to $6,000. $
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