Chapter 5-1 Merchandising Operations and the Multiple-Step MultipleIncome Statement Chapter 5-2 Financial Accounting, Fifth Edition Study Objectives 1. 2. 3. 4. 5. 6. 7.…

Chapter 5-1 Chapter 5 Accounting for Merchandising Operations Chapter 5-2 Accounting Principles, Ninth Edition Study Objectives 1. Identify the differences between service…

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Slide 1 Slide 2 Chapter 5 Slide 3 2 CO. A CO. B REVENUE30,000100,000 OPERATING EXPENSES25,000 25,000 Slide 4 3 SERVICERETAIL REVENUE30,000100,000 OPERATING EXPENSES25,000…

Financial Accounting and Accounting Standards 5 Learning Objectives After studying this chapter, you should be able to: [1] Identify the differences between a service and…