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chapter 7

preparing an income statement

TermDefinition
financial accounting the area of accounting that focuses on reporting information to external users
managerial accounting the area of accounting that focuses on reporting information to internal users
financial ratio a comparison between two components of a financial information
ratio analysis the calculation and interpretation of a financial ratio
vertical analysis reporting an amount on a financial statement as a percentage of another item on the same financial statement
return on sales (ROS) the ratio of the net total sales.
income statement for month ended --
Balance sheet date
Created by: alexiakennedy
Popular Accounting sets

 

 



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