The expanded accounting equation builds upon the basic accounting equation's use of assets, liabilities and equity by ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. The balance sheet, income statement, and cash flow ...

Most companies report their dividends on a cash flow statement, in a separate accounting summary in ... you can calculate dividends using a balance sheet and an income statement.

A closing entry is a journal entry made at the end of an accounting period. It involves shifting data from temporary accounts on the income statement to permanent accounts on the balance sheet.