I was fairly confident I was going to fail my accounting exam until I found your videos. Thank you SO much. You are by FAR the best at explaining accounting I've ever came across. You are god. I cannot say thank you enough.
This video is awesome. My teacher in intermediate accounting is awful, literally hasn't taught me anything. His "lectures" are reading the textbook chapters, word for word, out loud. Lol. I was really struggling. Thanks for helping me!
Kristine, you're the best!!! English isn't my first language and it takes time to understand the read chapter, but whatever you explain I understand instantly!
i love your lesson, since i'm studying for my final and i didnt get much from my prof, but you are awesome omg trust me, i understand Treasury stock just in 12mins. thank you so much
Love everything about this video. Except that my professor drilled into our minds to indent the credit accounts and it was a bit weird reading the journal entries
well done! great explanation! i always thought: retained earnings = the sum of every annual net income from when a company started. i guess that is not the case if we can adjust retained earnings without touching the income statement.
Remember that dividends never hits the income statement and that affects retained earnings. If you take intermediate accounting, you'll see there are a number of accounts that can affect retained earnings that have nothing to do with the income statement. Good luck with your class.
Hi Kristin, Thank you for an awesome presentation. Can you explain how does the treasury stock effect the Balance sheet or Sh.holder Equity!! And just 1 more Q's that Why do treasury stocks have no voting rights?
Treasury stock reduces equity because it is a debit balance. It does not have voting rights because it is owned by the corporation. Thanks for your comment. I appreciate it.
Do u have always have to use all of the paid in capital if it the credits are more than the debits because for my question my credits were 16000 and my debits were 15000 but I had 3000 paid in capital from the previous entry?
If the transitions on 7/2 and 9/8 were reversed and you had to debit retained earnings $1200 on 7/2, would you credit retained earnings back using the $800 from Additional paid in capital on 9/28?
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I was fairly confident I was going to fail my accounting exam until I found your videos. Thank you SO much. You are by FAR the best at explaining accounting I've ever came across. You are god. I cannot say thank you enough.
+Lindsay Morley thank you so much for your lovely comment. I am so glad I could help!
This video is awesome. My teacher in intermediate accounting is awful, literally hasn't taught me anything. His "lectures" are reading the textbook chapters, word for word, out loud. Lol. I was really struggling. Thanks for helping me!
I'm sorry your professor isn't more helpful but I'm glad you took it upon yourself to find other resources. Thanks for leaving a comment!
Do they show this in Intermediate accounting?
Kristine, you're the best!!! English isn't my first language and it takes time to understand the read chapter, but whatever you explain I understand instantly!
Thank you! I'm so glad I could help!
my theory exam would be a bear without these videos. They're so great.
+max evans I am so glad I could help! Thanks for commenting!
i love your lesson, since i'm studying for my final and i didnt get much from my prof, but you are awesome omg trust me, i understand Treasury stock just in 12mins. thank you so much
Glad I could help!
the best explanation i found on treasury shares, thank you
you're welcome. Thank you!
Good job on this. I think there are 3 great accounting channels on you tube, you're one of them. Very Good!
Thank you!
very helpful, especially the very last part about Retained Earnings. Thanks!
You're welcome. Thanks for commenting!
This is the video I didn’t know I needed . Thanks
Awesome!
Thank You very much for this wonderful lesson!
You are a very effective teacher!
+IRELANDsLEPRECHAUN Thank you for leaving a comment. I'm so glad I could help!
YOU'RE A QUEEN!!!! This video explained everything perfectly!!! Peace and love
Thanks so much for commenting! You put a huge smile on my face today!
that was clear and detailed, great job.
+Nazeer Ali Thank you! Glad I could help!
thanks maam😄😄 ur explanation was really easy to understand
You're welcome! Glad I could help!
Hi Kristin, I loved your tutorial! I'll hit subscribe and recommend your videos to my friends. 😊
Thank you! I'm glad I could help you. Thanks for sharing it with your friends! I really appreciate it.
Love everything about this video. Except that my professor drilled into our minds to indent the credit accounts and it was a bit weird reading the journal entries
I completely understand. I work with lots of software and there is no indenting. Most of the younger professors I know no longer care about indenting.
Omg thank you this saved my life!!!!!!!
You're welcome!
man you are like the phil jackson of accounting! Awesome Stuff!
----Johnny from Madagascar---
+Schane Massey Thank you! So glad I could help!
Great video! I am so ready for my test now.
+mikelawy thank you. Good luck with your exam.
well done! great explanation! i always thought: retained earnings = the sum of every annual net income from when a company started. i guess that is not the case if we can adjust retained earnings without touching the income statement.
Remember that dividends never hits the income statement and that affects retained earnings. If you take intermediate accounting, you'll see there are a number of accounts that can affect retained earnings that have nothing to do with the income statement. Good luck with your class.
Thanks for the response.
Just dropping by to say thank you.
Thank you very much! This video is very helpful.
Julio Rivera You're welcome. I'm glad the video helped!
Hi Kristin,
Thank you for an awesome presentation. Can you explain how does the treasury stock effect the Balance sheet or Sh.holder Equity!! And just 1 more Q's that Why do treasury stocks have no voting rights?
Treasury stock reduces equity because it is a debit balance. It does not have voting rights because it is owned by the corporation.
Thanks for your comment. I appreciate it.
Thank you. Awesome video
Glad you liked it!
Hi Kristin, Question. What if you had an additional debt along with the $800 credit would you add the two in order to calculate the retained earning?
yes you would need to consolidate those.
Thanks for the explanation.
You're welcome!
This was very helpful. Thanks you
Mayra Esparza I'm glad it helped you understand the topic better! Thanks for your comment.
You are my go-to gal. Thank you!
You're welcome!
Do u have always have to use all of the paid in capital if it the credits are more than the debits because for my question my credits were 16000 and my debits were 15000 but I had 3000 paid in capital from the previous entry?
You use up the paid in capital first, then retained earnings.
Thanks maam
Awsome , Thank you so much Kristin.
+Saif Jawad you're welcome! Thanks for commenting!
Great Video!!!
+Erika Rodriguez Thank you!
isn't the credit portion on the account titles usually indented?
Some books display it this way but most software programs do not do this.
I see, thanks Kristin
You're welcome. Glad I could help.
thank you. very helpful
Hilda Hou You're welcome! I'm so glad you found the video helpful!
Great Video, Thanks!
+Jose Sanchez You're welcome! Glad I could help!
Is this the par value method? or cost method?
This is the cost method.
nice & simple thanks , can you illustrate the effect of treasury stock purchased @ cost on the other comprehensive income in the balance sheet too !
ana kapo Treasury Stock would not effect other comprehensive income because it does not effect any aspect of income.
Kristin Ingram thanks :)
ana kapo You're welcome. Glad I could help!
If the transitions on 7/2 and 9/8 were reversed and you had to debit retained earnings $1200 on 7/2, would you credit retained earnings back using the $800 from Additional paid in capital on 9/28?
+beth boland You would not put the money back into retained earnings. Once you take from retained earnings, you can't put it back.
very helpful
Tammy Baker Thank you. I'm glad you found my video helpful.
thank you
I LOVE YOU!!!!! THANK YOU!
David Fayne thank you.
+Annette Fayne You're welcome. Glad I could help!
Awesome.
Thank you!
You're welcome! Glad I could help!
Thanks youre Great :)
+asdfghjk You're welcome. Thanks for the compliment!
Thank youuu
You're welcome!
maam can I ask a question again?
+summer summerr of course!
This video should be 3 minutes long
Thank God for fast forward!