February 2007
Intermediate to advanced
288 pages
6h 32m
English
book
Crash Course in Accounting and Financial Statement Analysis, Second Edition
by Matan Feldman, Arkady Libman
Content preview from Crash Course in Accounting and Financial Statement Analysis, Second Edition
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Impact of Tax Expense on the Balance Sheet
Your cash balance was reduced by $20 when you paid your taxes, and the retained earnings account was also decreased by $20.
| Debits | Credits | |
|---|---|---|
| Tax expense (SE): | $20 | |
| Cash (A): | $20 |
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.