After studying Chapter 15, you will be able to:
- Define accounting terms related to financial statements for a merchandising business organized as a corporation.
- Identify accounting concepts and practices related to financial statements for a merchandising business organized as a corporation.
- Prepare an income statement for a merchandising business organized as a corporation.
- Analyze an income statement using component percentages and financial ratios.
- Prepare a statement of stockholders’ equity for a merchandising business organized as a corporation.
- Prepare a balance sheet for a merchandising business organized as a corporation.
Mastery Problem 15-5
- Make a copy of this spreadsheet.
- Place this file in your Chapter 15 folder.
- Rename the file to Mastery Problem 15-5-(Your Initials)
- Complete the spreadsheet according to the directions on page 474 or below.
Challenge Problem 15-6
- Create a new Google Document titled Challenge Problem 15-6-(Your Initials) and move it into your Chapter 15 folder.
- Read the instructions on page 474 of your textbook and use the document to record your findings.
Study Guide 15
- Utilize this review to assess your learning from Chapter 15. You have 10 attempts to get as good of a score as you can. You are free to use the online textbook above when going through this review.