Day 145

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

1. 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

1. Chapter 15 Exam (password required)

Assignment

1. Read Chapter 16