Publisher's Synopsis
Renowned for its flexibility, clarity, and comprehensiveness, this user–friendly book discusses the underlying theory and application of business combinations, consolidated financial statements, foreign currency transactions, partnerships, and accounting for fund and non–profit organizations.
∗ Tabs to distinguish among the three methods for recording investments in subsidiaries: light blue for complete equity, darker blue for partial equity, and none for cost.
∗ Worksheet organized by financial statements: Income Statement first, followed by Statement of Retained Earnings, and Balance Sheet last. Authors also attempt to present the worksheets as close to the relevant text as possible.
