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In the new sixth edition, readers will be able to clearly see the relevance of accounting in their everyday lives. The authors introduce challenging accounting concepts with examples that are familiar to everyone, which helps build motivation to learn the material. Accounting issues are also placed within the context of marketing, management, IT, and finance.

Table of Contents

1. Accounting in Action.

2. The Recording Process.

3. Adjusting the Accounts.

4. Completing the Accounting Cycle.

5. Accounting for Merchandising Operations.

6. Inventories.

7. Accounting Principles.

8. Internal Control and Cash.

9. Accounting for Receivables.

10. Plant Assets, Natural resources, and Intangible Assets.

11. Liabilities.

12. Corporations: Organizations, Stock Transactions, Dividends, and Retained Earnings.

13. Investments.

14. Statement of Cash Flows.

15. Financial Statement Analysis.

Appendixes.

A. Specimen Financial Statements: PepsiCo, Inc.

B. Specimen Financial Statements: The Coca-Cola Company, Inc.

C. Payroll Accounting.

E. Subsidiary Ledgers and Special Journals.

F. Other Significant Liabilities.

960 pages, Paperback