Accounting

stockholders equity

value of stockholders claim to the corporation

represents the increase in stockholders equity

means the info makes a difference

means the financial reports include enough information so that the report is complete

the info deemed relative should be included in financial reports

amount of sales for the period less any sales discounts, returns, and allowances

all costs relating to the merchandise purchased during the period

profit made during the period b4 operating expenses are deducted

amount of income earned b4 federal coroporate income taxes are deducted

each dollar amount reported on a financial statement is also reported as a percentage of another amount

comparison of the same items on financial statements for two or moree accounting periods or dates and the determination of changes from one period or date to the next

a year or period that is used for comparison

amount by which current assests exceed current liabilities is known as