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Introduction;Chapter 1;New Lesson;Questions;;;;;;;;Chapter 2 The Accounting Cycle;;Chapter 2 The Accounting Cycle;;;;;Questions;;;;;;Chapter 3 Financial Accounting Report;Chapter 3 Financial Accounting Report;Chapter 3 Financial Accounting Report;Chapter 3 Financial Accounting Report;Chapter 3 Financial Accounting Report;Financial Accounting Report;Financial accounting report;Financial accounting report;Financial accounting report;Information reported on the financial statements;Question Answer Financial Statement;Balance Sheet;BALANCE SHEET;Balance Sheet;Balance Sheet;Balance Sheet;Balance Sheet;BALANCE SHEET;;;ASSETS;ASSETS;ASSETS;LIABILITIES;LIABILITIES;OWNERS’ EQUITY;Income Statements;Income statement;Income statement;Income statement;Income statement;INCOME STATEMENT;;;Revenues are Increases in retained earnings from delivering goods or services to customers or clients Expenses are Decreases in retained earnings that result from operations;Expenses include Cost of goods sold (cost of sales) The cost of the goods that a company sold to its customers Operating expenses The costs of operating the business ;Operating expenses Advertising The cost to promote the company’s products Depreciation The expense of using company-owned buildings, equipment, and furniture Other operating expenses The costs of salaries, utilities, rent, and supplies Interest expense The cost of borrowed money;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current ASSETS;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Homework;;Translation Exercise;Translation Exercise;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Exercise ;Exercise ;Exercise ;Exercise ;Translation Exercises;;;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Chapter 4 Current Assets;Choic