Chap003 - Chapter 3 Revenue and Expense Recognition and the Income Statement A Elements on the Income Statement B Cash Basis vs Accrual Basis Accounting

Chap003 - Chapter 3 Revenue and Expense Recognition and the...

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1 McGraw-Hill ACCT101 Fall 2010 A Elements on the Income Statement B Cash Basis vs. Accrual Basis Accounting C Recognizing Revenues & Expenses Revenue Principle Matching Principle Examples D Preparing Financial Statements Income Statement Statement of Stockholders’ Equity Balance Sheet Chapter 3 Revenue and Expense Recognition and the Income Statement