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The balance sheet follows the fundamental accountingequation: Assets = Liabilities + Shareholders' Equity. This equation ensures that the company's total assets are always equal to the total of its liabilities and shareholders' equity. It includes common stock, retained earnings, and additional paid-in capital.
In accounting, there are two fundamental types of transactions: those that result in a decrease in assets or an increase in liabilities (debits) and those that result in an increase in assets or a decrease in liabilities (credits). . The key difference between debits and credits lies in their effect on the accountingequation. .
Krispy Kreme, Inc. NASDAQ:DNUT) is a multinational doughnut company and coffeehouse chain headquartered in Winston-Salem, North Carolina, United States. It is a publicly held corporation. Krispy Kreme operates and reports financial information on a 52- or 53-week year with the fiscal year ending on the Sunday closest to December 31.
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