1. 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.