Slide3 - Learning Objectives After studying this chapter...

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Unformatted text preview: Learning Objectives After studying this chapter, you should be able to 5. Account for cash dividends and prepare a statement of retained earnings 6. Explain how the following concepts affect financial statements: entity, reliability, going concern, materiality, cost-benefit, and stable monetary unit 7. Compute and explain earnings per share, price- earnings ratio, dividend-yield ratio, and dividend- payout ratio 8. Explain how accounting regulators trade off relevance and reliability in setting accounting standards ...
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