Unformatted text preview: Learning Objectives After studying this chapter, you should be able to 6. Describe the sequence of the final steps in the
recording process and relate cash flows to adjusting
entries 7. Prepare a classified balance sheet and use it to
assess short-term liquidity 8. Prepare single- and multiple-step income
statements 9. Use ratios to assess profitability ...
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- Fall '07
- Financial Accounting