Accounting 1 Ch.15
Terms in this set (11)
Total sales less sales discount and sales returns and allowances
Cost of Merchandise Sold
the original price of all merchandise sold during a fiscal period
Gross Profit on Sales
The revenue remaining after cost of merchandise sold has been deducted.
A comparison between two items of financial information
Earnings per share
The amount of net income after federal income tax belonging to a single share of stock.
The relationship between the market value per share and earnings per share of a stock
Statement of stockholders' equity
A financial statement that shows changes in a coporations ownership
A value assigned to a share of stock and printed on the stock certificate.
liabilities due within a short time, usually within a year
Liabilities owed for more than a year.
a report prepared to give details about an item on a principal financial statement
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