Devry ACCT 504 Week 6 Discussion DQ1 & DQ 2 Latest

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Devry ACCT 504 Week 6 Discussion DQ1 & DQ 2 Latest

DQ 1

Accounting for and Reporting Equity (graded)

Stockholders’ equity is an important heading in a corporate balance sheet. Let’s begin the discussion of stockholders’ equity by asking: How is the stockholders’ equity section of a corporate balance sheet different from that in a single-owner business?

DQ 2

Statement of Cash Flows (graded)

The statement of cash flows is an important financial statement that is required to be released along with the income statement and balance sheet by every publicly traded company. We did not have this requirement prior to the year 1988.

Let’s begin our discussion by asking this question: When we already have the income statement and balance sheet to tell us about the financial performance and financial health of a company, why was there a need to require companies to prepare a statement of cash flows?

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Devry ACCT 504 Week 6 Discussion DQ1 & DQ 2 Latest