Accounting Chapter 15

A comparison between two items of financial information

The profit brought back into the company to increase Capital

The original price of all merchandise sold during a fiscal period. 

A report prepared to give details about an item on a principal financial statement 

liabilities due with in a short time, usually within a year. 

What is the Accounting Equation?

Liabilities owed for more than a year

A value assigned to a share of stock and printed on the stock certificate

The revenue remaining after cost of merchandise sold has been deducted. 

The amount of net income after federal income tax belonging to a single share of stock

How can I improve unacceptable component percentage for cost of merchandise? 

The relationship between the market value per share and earnings per share of a stock 

A financial statement that shows change in a corporations' ownership for a fiscal period. 

Total Sales less sales discount and sales return and allowances equals