Fundamental Accounting Principles

Fundamental Accounting Principles

Language: English

Pages: 1216

ISBN: 0078025583

Format: PDF / Kindle (mobi) / ePub

Fundamental Accounting Principles

Language: English

Pages: 1216

ISBN: 0078025583

Format: PDF / Kindle (mobi) / ePub


With 55 years of success in the principles of accounting market, Fundamental Accounting Principles, 21e by Wild, Shaw and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new technology learning tools, superior end-of-chapter material, and a highly engaging, pedagogical design.

NOTE:This listing is a standalone book.

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depreciation—Equipment . . . . . . . . Franchise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . Salaries payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . Unearned fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . H. Sundance, Capital . . . . . . . . . . . . . . . . . . . . . . . . H. Sundance, Withdrawals . . . . . . . . . . . . . . . . . . . Marketing fees earned . . . . . . . . . . .

leisure time, Professor Wild enjoys hiking, sports, travel, people, and spending time with family and friends. Professor Shaw is an active member of the American Accounting Association and its sections. He has served on many committees of these organizations and presented his research papers at national and regional meetings. Professor Shaw’s research appears in The Accounting Review; Journal of Accounting Research; Contemporary Accounting Research; Journal of Financial and Quantitative

and financing activities to show that operating activities are the result of investing and financing. 27 P l a n nin g A Summary organized by learning objectives concludes each chapter. Explain the purpose and importance of accounting. Accounting is an information and measurement system that aims to identify, record, and communicate relevant, reliable, and comparable information about business activities. It helps assess opportunities, products, investments, and social and community

31, 2011. Problem 1-4B Selected financial information for Online Co. for the year ended December 31, 2011, follows. Revenues . . . . . . . $58,000 Expenses . . . . . . . . $30,000 Net income . . . . . . . $28,000 Preparing an income statement P2 Required Prepare the 2011 income statement for Online Company. Problem 1-5B Following is selected financial information of ComEx for the year ended December 31, 2011. C. Tex, Capital, Dec. 31, 2011 . . . . . . . . . . . Net income . . . . . .

wiL10874_ch03_092-135.indd Page 92 7/30/10 8:52:13 AM user-f500 3 /Users/user-f500/Desktop Adjusting Accounts and Preparing Financial Statements A Look Back A Look at This Chapter A Look Ahead Chapter 2 explained the analysis and recording of transactions. We showed how to apply and interpret company accounts, T-accounts, double-entry accounting, ledgers, postings, and trial balances. This chapter explains the timing of reports and the need to adjust accounts. Adjusting accounts is

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