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.
Chapter 15 Folder
- Share your Chapter 15 folder with your teacher. Your folder should include the following:
- Lesson 15-1
- Lesson 15-2
- Lesson 15-3
- Lesson 15-4
- Mastery Problem 15-5
- Challenge Problem 15-6
Chapter 15 Exam
- Chapter 15 Exam (password required)
Assignment
- Read Chapter 16