ACC 291 Week 3 Financial Accounting, Ch. 10: Reporting and Analyzing Liabilities
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Consider the following as you read:
Reflecting back on the accounting equation, assets = liabilities + plus stockholders equity, one can conclude that businesses acquire plant assets and fund major projects by investing their own capital, borrowing funds from a financial institution, or acquiring money from investors.
As you learn to report and evaluate liabilities consider the following: