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Accounting in Action | |
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What Is Accounting? | |
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The Building Blocks of Accounting | |
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The Basic Accounting Equation | |
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Using the Basic Accounting Equation | |
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Financial Statements | |
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The Recording Process | |
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The Account | |
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Steps in the Recording Process | |
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The Recording Process Illustated | |
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The Trial Balance | |
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Adjusting the Accounts | |
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Timing Issues | |
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The Basics of Adjusting Entries | |
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The Adjusted Trial Balance and Financial Statements | |
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Completing the Accounting Cycle | |
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Using a Worksheet | |
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Closing the Books | |
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Summary of the Accounting Cycle | |
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The Classified Balance Sheet | |
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Accounting for Merchandising Operations | |
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Merchandising Operations | |
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Recording Purchases of Merchandise | |
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Recording Sales of Merchandise | |
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Completing the Accounting Cycle | |
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Forms of Financial Statements | |
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Inventories | |
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Classifying Inventory | |
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Determining Inventory Quantities | |
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Inventory Costing | |
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Inventory Errors | |
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Statement Presentation and Analysis | |
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Fraud, Internal Control, and Cash | |
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Fraud and Internal Control | |
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Cash Receipts Controls | |
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Cash Disbursement Controls | |
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Control Features: Use of a Bank | |
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Reporting Cash | |
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Accounting for Receivables | |
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Types of Receivables | |
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Accounts Receivable | |
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Notes Receivable | |
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Statement Presentation and Analysis | |
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Plant Assets, Natural Resources, and Intangible Assets | |
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Determining the Cost of Plant Assets | |
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Depreciation | |
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Expenditures During Useful Life | |
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Plant Asset Disposals | |
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Accounting for Natural Resources | |
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Financial Statement Presentation | |
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Accounting for Intangible Assets | |
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Types of Intangible Assets | |
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Research and Development Costs | |
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Statement Presentation and Analysis | |
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Liabilities | |
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What Is a Current Liability? | |
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Statement Presentation and Analysis | |
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Bond Basics | |
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Accounting for Bond Issues | |
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Accounting for Bond Retirement | |
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Accounting for Long-Term Notes Payable | |
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Statement Presentation and Analysis | |
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Corporations: Organization, stock Transactions, Dividends, and Retained Earnings | |
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The Corporate Form of Organization | |
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Accounting for Common Stock Issues | |
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Accounting for Treasury Stock | |
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Preferred Stock | |
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Cash Dividends | |
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Stock Dividends | |
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Stock Splits | |
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Retained Earnings Restrictions | |
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Prior Period Adjustments | |
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Retained Earnings Statement | |
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Statement Presentation and Analysis | |
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Investments | |
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Why Corporations Invest | |
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Accounting for debt Investments | |
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Accounting for Stock Investments | |
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Valuing and Reporting Investments | |
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Statement of Cash Flows | |
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The Statement of Cash Flows: Usefulness and Format | |
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Preparing the Statement of Cash Flow-Indirect Method | |
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Using Cash Flows to Evaluate a Company | |
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Financial Statement Analysis | |
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Basics of Financial Statement Analysis | |
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Horizontal Analysis | |
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Vertical Analysis | |
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Ratio Analysis | |
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Earning Power and Irregular Items | |
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Quality of Earnings | |
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Accounting Principles | |
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The Nature of Interest | |
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Future Value of a Single Amount | |
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Future Value of an Annuity | |
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Present Value Variables | |
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Present Value of a Single Amount | |
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Present Value of an Annunity | |
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Time Periods and Discounting | |
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Computing the Present Value of a Long-Term Note or Bond | |
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Present Value of a Single Sum | |
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Present Value of an Annuity | |
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Useful Applications of the Financial Calculator | |
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Payroll Defined | |
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Internal Control of Payroll | |
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Determining the Payroll | |
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Recording the Payroll | |
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Employer Payroll Taxes | |
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Filing and Remitting Payroll Taxes | |
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Nature and Purpose of Subsidiary Ledgers | |
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Sales Journal | |
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Cash Receipts Journal | |
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Purchases Journal | |
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Cash Payments Journal | |
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Effects of Special Journals on the General Journal | |
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Contingent Liabilities | |
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Lease Liabilities | |
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Additional Liabilities for Employee Fringe Benefits | |
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IFRS 1 | |
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Photo Credits | |
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Company Index | |
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Subject Index | |