Accounting Equations and Financial Analysis
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

¿Cuál es la ecuación contable básica?

  • Activos = Patrimonio Neto - Pasivos
  • Pasivos = Activos - Patrimonio Neto
  • Patrimonio Neto = Activos - Pasivos
  • Activos = Pasivos + Patrimonio Neto (correct)
  • ¿Qué representa la ecuación contable expandida?

  • Pasivos = Activos - Acciones Comunes
  • Activos = Pasivos + Patrimonio Neto
  • Patrimonio Neto = Activos - Pasivos
  • Activos = Pasivos + Acciones Comunes + Ganancias Retenidas (correct)
  • ¿Cuál es el efecto de un aumento en los activos financiados internamente?

  • Aumenta el patrimonio neto (correct)
  • Aumenta la ganancia neta
  • Disminuye el patrimonio neto
  • Aumenta los pasivos
  • ¿Qué sucede cuando se paga una deuda?

    <p>Disminuyen los pasivos y disminuyen los activos</p> Signup and view all the answers

    ¿Cuál es el propósito principal de las ecuaciones contables?

    <p>Preparar estados financieros</p> Signup and view all the answers

    ¿Qué sucede cuando se emiten acciones comunes?

    <p>Aumentan los activos y aumentan el patrimonio neto</p> Signup and view all the answers

    Study Notes

    Accounting Equations

    The Basic Accounting Equation

    • Assets = Liabilities + Equity
    • This equation represents the relationship between a company's resources (assets), debts (liabilities), and ownership interest (equity)

    Expanded Accounting Equation

    • Assets = Liabilities + Common Stock + Retained Earnings
    • This equation breaks down equity into its two components: common stock and retained earnings

    Accounting Equation Analysis

    • Increases in assets:
      • Increase equity if financed internally (e.g., retained earnings)
      • Increase liabilities if financed externally (e.g., loans)
    • Decreases in assets:
      • Decrease equity if used internally (e.g., dividends)
      • Decrease liabilities if paid off externally (e.g., debt repayment)
    • Increases in liabilities:
      • Increase assets if used to acquire resources
      • Increase equity if incurred to benefit owners (e.g., salaries)
    • Decreases in liabilities:
      • Decrease assets if used to pay off debts
      • Decrease equity if used to benefit owners (e.g., dividends)

    Importance of Accounting Equations

    • Helps to ensure accuracy and consistency in financial reporting
    • Provides a framework for analyzing and understanding financial transactions
    • Allows for the preparation of financial statements, such as the balance sheet and income statement

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Prueba sobre la ecuación contable básica y ampliada, análisis de aumentos y disminuciones en activos y pasivos, y la importancia de las ecuaciones contables en la preparación de estados financieros.

    More Like This

    Accounting Fundamentals Exam
    10 questions

    Accounting Fundamentals Exam

    ExceedingCalifornium7397 avatar
    ExceedingCalifornium7397
    Accounting Transactions Chapter 3-8
    40 questions

    Accounting Transactions Chapter 3-8

    UndisputedRegionalism7036 avatar
    UndisputedRegionalism7036
    Balance Sheet Overview
    24 questions

    Balance Sheet Overview

    WellBacklitSage avatar
    WellBacklitSage
    Use Quizgecko on...
    Browser
    Browser