Week Three Lecture Notes

Week Three Lecture Notes - INSTRUCTORNOTES: Operations Week...

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INSTRUCTOR NOTES: Week   Three   -   Accounting   for   Merchandising  Operations     Inventories Welcome to Week Three! This week, we are discussing chapters five and  six. A couple of things to note: Chapter 5 describes the operating cycle for a merchandising company.  It  also   introduces   the   multiple-step   and   single-step   income   statements.  Illustration 5-13 is a good example of a multiple-step income statement.  Illustration 5-14 is a   good example of a single-step income statements.  Compare the two statements.   Can you identify the major differences? 
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This note was uploaded on 02/13/2011 for the course ACCT 510 taught by Professor Tewes during the Spring '09 term at Davenport.

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Week Three Lecture Notes - INSTRUCTORNOTES: Operations Week...

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