McGraw-Hill Irwin, 2009 - Business & Economics - 896 pages
Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting textbooks are often not. They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design. Libby/Libby/Short is the only financial accounting text to successfully implement a real-world, single focus company approach in every chapter. Students and instructors have responded very favorably to the use of focus companies and the real-world financial statements. The companies chosen are engaging and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.
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Financial Statements and Business
Statement of Retained Earnings
Generally Accepted Accounting Principles
50 other sections not shown
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accounting equation accounting period Accounts payable accounts receivable Accrued Accumulated depreciation adjusting entry American Eagle amortization amount Analyzing annual report bad debt balance sheet bank beneﬁts bonds book value Callaway Golf cash ﬂows chapter classiﬁed common stock company’s Compute Contributed capital Corporation cost current assets current liabilities customers debit December 31 decrease depreciation expense discount dollars eamings effects ending inventory equity FIFO ﬁnancial reporting ﬁnancial statements ﬁnancing activities ﬁrst ﬂows from operating gross proﬁt Home Depot income statement Income tax expense increase interest expense investors issued January joumal entry LIFO long-term Maxidrive merchandise method million Notes Payable operating activities Outﬁtters paid Papa John’s payment percent Prepaid Expenses Prepare present value purchased recorded reﬂect Required Retained Earnings retum sales revenue sell shares signiﬁcant sold speciﬁc statement of cash Stockholders T-accounts tax expense Total assets transaction analysis treasury stock tumover ratio