1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
What most stood out to me was the existence of common stock and preferred stock, I love the idea of being able to pay just a little bit more to ensure that at the end of the day you are left with some sort of dividend.
2) Identify at least one part of the reading that was confusing to you.
The confusing part of this weeks reading to me was the existence of a note payable. The definition is similar to a form of collateral, or so I thought. So I found out more about this area of accounting.
3) If you were able to ask two questions to the author, what would you ask? Why?
If I was able to ask the author a couple of questions they would be these:
1. why is a note payable just not considered a collateral for a purchase?
2. why isn't an operating budget not just considered as the baseline capital required for a business to function?
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
As most weeks, I do not have anything that I feel the author was wrong about.
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