Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

The Financial Statements

Financial Accounting

1. Introduction to Accounting

The Financial Statements

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Multiple Choice

Which of the following would be found on a statement of stockholders' equity?

Net sales revenue

Total liabilities

Dividends declared

Cash flows from operating activities

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Understand the purpose of the statement of stockholders' equity: It is a financial statement that shows changes in the equity section of the balance sheet over a specific period. It includes items such as common stock, retained earnings, and dividends declared.

Identify the components typically found on the statement of stockholders' equity: These include beginning equity balances, additions (e.g., issuance of stock), deductions (e.g., dividends declared), and ending equity balances.

Analyze the options provided: Net sales revenue and cash flows from operating activities are part of the income statement and cash flow statement, respectively, and not the statement of stockholders' equity. Total liabilities are part of the balance sheet.

Focus on dividends declared: Dividends declared reduce retained earnings, which is a component of stockholders' equity. Therefore, this item is relevant to the statement of stockholders' equity.

Conclude that dividends declared would be found on the statement of stockholders' equity, as it directly impacts the retained earnings section of equity.