What Is A Balance Sheet? A Beginner’s Guide To Understanding Financial Statements
The asset equals the sum of all assets, i.e., cash, accounts receivable, prepaid expense, and inventory, i.e., $234,762 for 2014. The asset equals the sum to all assets, i.e., cash, accounts receivable, prepaid expense, and inventory, i.e., $305,483 for the year 2018. Adding liabilities and stockholder’s equity once again provides the total assets number. A […]
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