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 ...

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.

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.