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Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
Common Stock & Shareholder's Equity
Accounting & Finance Ratios
Valuing Common Stock
Corporate Income Taxes
Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
Bonds Payable & Long Term Liabilities
Capital Assets

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Properties or economic resources owned by the business; more precisely, resources with an ability to provide future benefits to the business.

• Assets are economic resources that are owned by a business and are expected to benefit future operations.

• Examples: buildings, machinery, accounts receivable.

• Valued at cost value - that is what you paid for the asset, not what it is worth today.

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