Table of Contents

Accounting in Action.The Recording Process.Adjusting the Accounts.Completion of the Accounting Cycle.Accounting for Merchandising Operations.Inventories.Accounting Principles.Internal Control and Cash.Accounting for Receivables.Plant Assets, Natural Resources, and Intangible Assets.Liabilities.Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings.Investments.The Statement of Cash Flows.Financial Statement Analysis.Appendix A: Specimen Financial Statements: Lands' End, Inc.Appendix B: Specimen Financial Statements: Abercrombie & Fitch Co.Appendix C: Time Value of Money.Appendix D: Payroll Accounting.Appendix E: Subsidiary Ledgers and Special Journals.Appendix F: Other Significant Liabilities.