After studying Chapter 16, in addition to defining key terms, you will be able to:
- LO1 Prepare an income statement for a merchandising business organized as a corporation.
- LO2 Prepare a statement of stockholders’ equity.
- LO3 Prepare a balance sheet for a business organized as a corporation.
- LO4 Prepare closing entries.
- LO5 Prepare a post-closing trial balance.
PowerPoint – due to file size you will need to go to student shared drive to access the Lecture Series PP for Chapter 16.
16 mastery wkprsand Challenge problems