This widely respected financial accounting text captures the predominant market share among graduate, MBA, and higher-level undergraduate programs. With great clarity, it presents both the basic concepts underlying financial statements and the terminology and methods that allow students to interpret, analyze, and evaluate actual corporate financial statements.
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This introductory textbook covers the methods and uses of financial accounting while thoroughly explaining its underlying concepts. Sample topics include income statements, inventories, shareholders' equity, marketable securities, and compound interest. For the 12th edition, T-accounts (which were replaced with a Microsoft Excel spreadsheet in the
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