Accounting principles are the theoretical concepts that underlie the practical accounting techniques used to ensure that financial statements accurately portray a company's performance, cash flows and ...
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How to Use and Calculate the Expanded Accounting Equation
The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...
Net worth equals assets minus liabilities; calculate using the basic accounting equation. Tangible assets include cash, real estate; intangibles include brand names, patents. Negative net worth may ...
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