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ch05

ch05

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Published by Kelly Berger- Giles

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Published by: Kelly Berger- Giles on Apr 12, 2011
Copyright:Attribution Non-commercial

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12/04/2012

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Chapter 5-1
 
Chapter 5-2
Merchandising OperationsMerchandising Operationsand the Multipleand the Multiple--StepStep Income StatementIncome Statement
Financial Accounting, Fifth Edition
 
Chapter 5-3
1.Identify the differences between a service company and amerchandising company.2.Explain the recording of purchases under a perpetualinventory system.3.Explain the recording of sales revenues under a perpetualinventory system.4.Distinguish between a single-step and a multiple-stepincome statement.5.Determine cost of goods sold under a periodic system.6.Explain the factors affecting profitability.7.Identify a quality of earnings indicator.
 Study ObjectivesStudy Objectives

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