【正文】 2020 Pearson Education Introduction to Financial Accounting, 10/e 15 of 35 LO 3 Balance Sheet Transactions Transaction 2: Loan of $100,000 from Bank Assets = Liabilities + Owners’ Equity Cash Note payable Lopez, Capital (1) + $400,000 = +$400,000 (2) + $100,000 = + $100,000 Bal. $500,000 = $100,000 $400,000 $500,000 $500,000 169。 2020 Pearson Education Introduction to Financial Accounting, 10/e 3 of 35 Learning Objectives (LO) After studying this chapter, you should be able to 6. Identify how the owners’ equity section in a corporate balance sheet differs from that in a sole proprietorship or partnership 7. Explain the regulation of financial reporting including differences between . GAAP an IFRS 8. Describe auditing and how it enhances the value of financial information 9. Evaluate the role of ethics in the accounting profession 169。 potentially thousands of owners – Privately owned – Owned by families or a small group of shareholders。 2020 Pearson Education Introduction to Financial Accounting, 10/e 9 of 35 LO 2 The Balance Sheet ? The balance sheet (also called the statement of financial position) shows the financial status of a pany at a particular instant in time ? Reflects the basic accounting equation, which is Assets = Liabilities + Owners’ equity Resources = Claims against those resources 169。 2020 Pearson Education Introduction to Financial Accounting, 10/e 8 of 35 LO 1 Accounting and DecisionMaking