ACC 290 Entire Course Week 1-5 Summary - 87199

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ACC 290 Week 1 Summary During week one I have learned much about recording basic financial transactions. The four basic financial statements include income, retained earnings, balance, and statement of cash flows. These are important because they provide a way for the organization to judge their financial performance. Income statements provide a description of how profitable the business is. Retained earnings reports what income was reinvested in the organization and was not distributed to the stockholders.
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ACC 290

Week 1