BUSINESS HIGH SCHOOL-ACCOUNTING I

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BUSINESS HIGH SCHOOL-ACCOUNTING I Financial Statements for a Corporation Chapter 19 Capital Stock Stockholders’ Equity Retained Earnings Revenue Income Statement Cost of Merchandise Sold Gross Profit Statement of Retained Earnings Statement of Cash Flows Operating Expenses Net Income Balance Sheet Vertical Analysis Operating Activities Content Vocabulary: Base Period Comparability Full Disclosure Materiality Relevance Reliability Assets Investing Activities Financing Activities Liabilities Horizontal Analysis Stockholder’s Equity Accounting I: Essential Learning Expectations-Chapter 19: The three financial statements completed for a corporation are the Income Statement, Statement of Retained Earnings, and the Balance Sheet. A vertical analysis helps to determine the relationship between items on a financial statement, as well as the changes in these relationships from one period to another. A horizontal analysis compares amounts for the same item on a financial statement for two or more accounting periods.